AAA  Jan. 10, 2017 11:57 PM ET
Asian stocks mostly higher as dollar strengthens
By YURI KAGEYAMA, AP Business Writer THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES 
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A man walks past an electronic stock board showing Nikkei stock index at a securities firm in Tokyo, Wednesday, Jan. 11, 2017. Asian shares were mostly higher Wednesday morning on the back of a strengthening dollar and quiet trading ahead of remarks by president-elect Donald Trump. (AP Photo/Shuji Kajiyama)
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(AP) — Asian shares were mostly higher Wednesday on the back of a strengthening dollar and quiet trading ahead of remarks by President-elect Donald Trump.

KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.3 percent to 19,352.47. Australia's S&P/ASX 200 added 0.1 percent to 5,765.80. South Korea's Kospi was up 1.4 percent at 2,074.56. Hong Kong's Hang Seng surged 0.7 percent to 22,899.55, but the Shanghai Composite slipped 0.5 percent to 3,144.99. Shares in Southeast Asia were mostly higher.

WALL STREET: The Nasdaq composite index notched its fourth record-high close in a row, increasing 20 points, or 0.4 percent, to 5,551.82. The S&P 500 ended unchanged at 2,268.90. The Dow slipped 31.85 points, or 0.2 percent, to 19,855.53.

TRUMP FACTOR: Investors are awaiting Trump's first news conference in nearly six months, as questions fly over Russia's role in the election year hacking of Democratic groups. Markets are awaiting news on Trump's plan to disengage from his businesses and on his policy positions.

THE QUOTE: "Except for some minor commotion here and there as risk sentiment continued to yo-yo, markets have been hushed overnight as caution takes hold, ahead of Donald Trump's" press conference, said Illka Gobius, managing director at Pinpoint.

ENERGY: Benchmark crude rose 14 cents to $50.96 a barrel. It lost $1.14, or 2.2 percent, to close at $50.82 a barrel in New York. Brent crude, which is used to price oil sold internationally, added 11 cents to $53.75.

CURRENCIES: The dollar rose to 116.07 yen from 115.65 yen in late trading Tuesday in Asia. The euro fell to $1.0545 from $1.0607.

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Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work can be found at http://bigstory.ap.org/content/yuri-kageyama

Associated Press
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