Asian Shares Rise

Tokyo, Asian shares rose moderately Monday amid cautious optimism about a global rebound from the coronavirus pandemic.

Japan's benchmark closed less than 0.1% higher at 29,685.37.

Australia's S&P/ASX 200 inched up less than 0.1% to 7,065.60, while South Korea's Kospi also was little changed, at 3,198.84. Hong Kong's Hang Seng rose 0.5% to 29,106.10. The Shanghai Composite gained 1.5% to 3,477.74, the Associated Press reported.

In energy trading, benchmark U.S. crude fell 27 cents to $62.92 a barrel in electronic trading on the New York Mercantile Exchange. It lost 32 cents to $63.19 on Friday. Brent crude, the international standard, fell 18 cents to $66.59 a barrel.

In currency trading, the U.S. dollar edged down to 108.41 Japanese yen from 108.78 yen late Friday. The euro rose to $1.1990 from $1.1978.

Source: Saudi Press Agency