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Asia shares rally as Wall Street bounce relieves

Updated : October 17, 2018 08:28:14 IST

US stocks had jumped more than 2 percent on Tuesday in reaction to upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs.
The dollar itself was up on the yen at 112.31 but flat on the euro at $1.1578. Against a basket of currencies, the dollar idled at 95.080 having touched a two-week trough overnight.
Oil prices firmed as expectations of higher US shale output vied with the risk that crude supply from the Middle East could be disrupted by looming US sanctions on Iran and growing tensions with top exporter Saudi Arabia.
Published : October 17, 2018 06:24 AM IST

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