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HMC Honda Motor Co Ltd

33.84
0.60 (1.81%)
21 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Honda Motor Co Ltd NYSE:HMC NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.60 1.81% 33.84 34.05 33.79 33.90 1,118,617 01:00:00

Asian Shares Rise as Crude Prices Ease

08/01/2015 2:40am

Dow Jones News


Honda Motor (NYSE:HMC)
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Stocks were mostly higher in Asia after a bounce in crude oil prices eased some pressure on markets from Japan to Australia.

The Nikkei Stock Average gained 1.2% and Korea was up 1.0%. Hong Kong rose 0.9% and Australia gained 0.6%.

Selling globally abated, as crude-oil futures gained 1.5% to $48.65 a barrel, snapping a four-session losing streak.

A rally in U.S. stocks overnight, which pushed the S&P 500 to a higher close for the first time in six sessions, also helped stabilize Asian shares Wednesday.

Still, Toshihiko Matsuno, senior strategist at SMBC Friend Securities, said that "concerns over Greece, the euro, and weak oil prices are still enough to push investors into another deep "risk-off" mood."

The U.S. dollar was up modestly, at Yen119.39, from Yen119.26 late Wednesday in New York, giving a slight lift to Japanese exporters repatriating dollar earnings from overseas. Among the strongest gainers, Toyota Motor Corp. was up 1.3% and Honda Motor Co. Ltd. was up 1.6%.

The rebound excluded China's mainland, where the Shanghai benchmark wavered near flat.

In Korea, Samsung Electronics Co. Ltd. rose 0.9% after it announced strong sales of its Galaxy Note 4 smartphone-tablet hybrid in the fourth quarter, helping mitigate a fifth-straight quarter of decline in profits.

Write to Chao Deng at Chao.Deng@wsj.com

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