Wed, 25 Nov 2020

SYDNEY, NSW, Australia - Stocks in Asia were generally stronger on Friday, at least in Japan and Australia.

"What we've seen for equity markets is there is quite a good deal of resilience," Tom Piotrowski, a market analyst at Australian broker CommSec told the Reuters Thomson news agency on Friday.

"Commentators like to stack up all of the negatives markets face, the U.S. election being among them, but I think there is a sense that there is an underlying resilience in the market."

The Nikkei 225 in Tokyo closed out the week at 23,204.62 for a gain on the day of 116.80 points or 0.51%.

The Australian All Ordinaries added 84.00 points or 1.39% to 6,140.50.

China's Shanghai Composite was relatively flat, closing down 3.76 points or 0.12% at 3,219.42.

In Hong Kong, the Hang Seng fell 75.65 points or 0.32% to 23,235.42.

The U.S. dollar was a fraction lower after easing a tad overnight. The euro was last traded at 1.1677 around the Sydney close on Friday. The British pound hardened a touch to 1.2775. The Japanese yen traded at 105.27, and the Swiss franc at 0.9256.

The Canadian dollar inched up to 1.3351. The Australian dollar was a tiny bit firmer at 0.7071. The New Zealand dollar did best, adding a quarter-cent to 0.6573.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 52.31 points, or 0.20%, at 26,815.44.

The Standard and Poor's 500 rose 9.67 points, or 0.30%, to 3,246.59.

The Nasdaq Composite gained 39.28 points, or 0.37%, to 10,672.27.

More Egypt News

Access More

Sign up for Cairo News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!