Fri, 25 Sep 2020

Greenback drifts lower, stocks in Asia directionless

Lola Evans
15 Sep 2020, 18:41 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia were mixed on Tuesday while the U.S. dollar took an unexpected turn for the worse.

In China, the Shanghai Composite responded to good news on the employment front, rising 16.87 points or 0.51 percent to 3,295.68.

The Australian All Ordinaries was flat, rising just 0.80 of a point or 0.01 percent to 6,079.30.

In Tokyo, the Nikkei 225 lost 104.41 points or 0.44 percent to 23,454.89.

In Hong Kong, the Hang Seng advanced 92.48 points or 0.38% to 24,732.76.

On foreign exchange markets the euro added to overnight gains, to close out the Asian trading session around 1.1883.

The British pound rose to 1.2887. The Japanese yen advanced to 105.76. The Swiss franc firmed to 0.9059.

The Canadian dollar edged higher to 1.3161. The Australian dollar rose sharply to trade at 0.7314 around the Sydney close Tuesday. The New Zealand dollar swelled to 0.6722.

Overnight on Wall Street, the Dow Jones Industrial Average increased 327.69 points, or 1.18 percent, to 27,993.33.

The S&P 500 rose 42.57 points, or 1.27 percent, to 3,383.54.

The Nasdaq Composite Index rallied 203.11 points, or 1.87 percent, to 11,056.65.

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