Tue, 14 Jul 2020

Key Asian stocks directionless despite Wall St drop

By Jay Jackson, North Korea News.Net
23 Jan 2019, 17:04 GMT+10


SYDNEY, Australia - Asian markets virtually ignored the sharp falls on Wall Street overnight, with the major indices trading mixed.

Stock markets were in fact quiet in Asia on Wednesday with little movement in either direction.

At the close of trading Wednesday, the Australian All Ordinaries was down 15.60 points or 0.26% at 5,908.70.

In Japan, the Nikkei 225 ended 29.19 points or 0.14% lower at 20,593.72.

In China, the key Shanghai Composite was up just 1.30 points or 0.05% at 2,581.00.

In Hong Kong the Hang Seng was ahead 2.75 points or 0.01% at 27,008.19.

On foreign exchange markets on Wednesday, the U.S. dollar was mixed. It was unchanged against the euro at 1.1370.

The British pound rose more than half-a-cent to 1.2957.

The Japanese yen weakened ever so slightly to 109.67.

The Swiss franc was unchanged at 0.9975.

The Canadian and Australian dollars fell moderately to 1.3325 and 0.7137 respectively. The New Zealand dollar however powered ahead on positive CPI data, last trading at 0.6787.

A day earlier in the U.S., the Dow Jones lost 301.87 points or 1.22% to 24,404.48.

The Standard and Poor's 500 fell 37.81 points or 1.42% to 2,632.90.

The tech-laden Nasdaq Composite loss 136.87 points or 1.91% to 7,020.36.


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