Wed, 17 Jul 2019

Stocks and currencies breathe easier in Asian markets

By Jay Jackson, Cleveland News
26 Mar 2019, 16:43 GMT+10

SYDNEY, Australia - It was  a muddle on Asian stock exchanges on Tuesday. Tokyo's Nikkei 225 hit it's straps, recovering much of its losses of the previous day.

The Australian market advanced a little, as did the Hong Kong and Japanese markets, while in China shares fell.

At the close of trading Tuesday, the Australian All Ordinaries was up 4.40 points or 0.07% at 6,213.10.

The Nikkei 225 jumped 451.28 points or 2.15% to 21,428.39.

In Hong Kong, the Hang Seng closed up 43.56 points or 0.15% at 28,566.91.

The Shanghai Composite was down 45.90 points or 1.51% at trhe finish at 2,997.10.

The U.S. dollar was little changed during the Asian session on Tuesday. The euro crept down a tad to 1.1308 while the British pound eased a touch to 1.3183.

The Japanese yen inched down to 110.06, while the Swiss franc held its ground at 0.9926.

The Canadian dollar was a tad stronger at 1.3397, as was the Australian dollar at 0.7121.

The New Zealand dollar eased a little to 0.6900.

Overnight on Wall Street there was little action. At the close of trading Monday, the Dow Jones industrials were ahead 14.51 points or 0.06% at 25,516.83.

The Standard and Poor's 500 fell 2.35 points or 0.08% to 2,798.36.

The Nasdaq Composite lost 5.13 points or 0.07% at 7,637.54.

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