Asian stocks drop like a stone, U.S. dollar drifts

Asian stocks drop like a stone, U.S. dollar drifts

Lola Evans
19 Mar 2021, 19:44 GMT+10

  • Stocks in Asia fell sharply on Friday.
  • In Japan, the Nikkei 225 plunged 424.70 points or 1.41 percent to 29,792.05.
  • The Australian All Ordinaries lost 30.50 points or 0.44 percent to 6,973.10.

SYDNEY, NSW, Australia – Stocks in Asia fell sharply on Friday.

In Japan, the Nikkei 225 plunged 424.70 points or 1.41 percent to 29,792.05.

The Australian All Ordinaries lost 30.50 points or 0.44 percent to 6,973.10.

The Hang Seng in Hong Kong tumbled 414.78 points, or 1.41 percent to 28,990.94.

China’s Shanghai Composite shed 58.40 points or 1.69 percent to 3,404.66.

The U.S. dollar was little changed Friday, but with a downward bias. The euro was changing hands at 1.1926 in late trading in Sydney. The British pound inched up to 1.3928. The Japanese yen firmed to 108.77. The Swiss franc was slightly stronger at 0.9263.

The Canadian dollar weakened to 1.2492. The Australian dollar edged up to 0.7757. The New Zealand dollar firmed to 0.7177.

Overnight on Wall Street, the biggest loser was the Nasdaq Composite which shed 409.03 points or 3.02 percent to 13,116.17.

The Standard and Poor’s 500 dropped 58.66 points or 1.48 percent to 3,915.46.

The Dow Jones fell 153.07 points or 0.46 percent to 32,862.30.

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