Business Maverick: Asian shares up after Nasdaq, S&P 500 hit record highs

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Business Maverick: Asian shares up after Nasdaq, S&P 500 hit record highs
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Business Maverick: Asian shares up after Nasdaq, S&P 500 hit record highs By Tim Cohen tim_cohen

The MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust results from Coca-Cola, Twitter, United Technologies and Lockheed Martin.

Australian shares gained 0.6 percent, while Japan’s Nikkei stock index was 0.3 percent higher. Seoul’s Kospi was up 0.1 percent. Equity market gains had been bolstered on Tuesday by rising energy shares after Brent crude, the global benchmark, hit its highest level since Nov. 1.

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