(MENAFN- Saudi Press Agency) Asian shares mostly gained Tuesday after China promoted an array of infrastructure projects as open to private investment and said it was slashing tariffs on imported clothing and other consumer goods. Investors lacked other cues, with markets in London and the U.S. closed for holidays on Monday, AP reported.
Japan's Nikkei 225 stock index was nearly flat at 20,416.25 while Hong Kong's Hang Seng index gained 1.5 percent to 28,407.72. The Shanghai Composite Index rose 1.0 percent to 4,861.86; the index is up 140 percent over the past year. Australia's S&P ASX/200 climbed 0.8 percent to 5,765.10, but South Korea's Kospi slipped 0.2 percent to 2,141.82. Shares in New Zealand rose and Southeast Asian shares were mixed.
Benchmark U.S. oil rose 10 cents to $59.82 per barrel in electronic trading on the New York Mercantile Exchange. The contract shed $1 on Friday to $59.72.
The dollar gained to 121.79 yen from Monday's 121.55 yen. The euro fell to $1.0939 from $1.0980.
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