Little interest in Asian stocks, greenback slumps again

Little interest in Asian stocks, greenback slumps again

Lola Evans
24 Dec 2020, 17:17 GMT+10

  • Stocks in Asia were mixed on Thursday with mainland Chinese bourses losing ground.
  • The Australian All Ordinaries closed 24.90 points or 0.36 percent higher at 6,917.50.
  • In Japan, the Nikkei 225 advanced 143.56 points or 0.54 percent to 26,668.35.

SYDNEY, NSW, Australia – Stocks in Asia were mixed on Thursday with mainland Chinese bourses losing ground, while elsewhere gains were being recorded.

The Australian All Ordinaries closed 24.90 points or 0.36 percent higher at 6,917.50.

In Japan, the Nikkei 225 advanced 143.56 points or 0.54 percent to 26,668.35.

The Hong Kong Hang Seng gained 43.46 points or 0.16 percent to 26,386.56.

China’s Shanghai Composite meantime eased 19.21 points or 0.57 percent to 3,363.11.

The big action was on the foreign exchange market where the relentless sell-off of recent months of the U.S. dollar continued. The British pound jumped sharply to 1.3565 by the Sydney close Thursday. The euro recaptured the 1.2200 handle, and traded comfortably at 1.2207 going into the European session. The Swiss franc was little changed at 0.8881. The Japanese yen was also unmoved at 103.57.

The Canadian dollar edged up to 1.2848. The Australian dollar rose to 0.7590. The New Zealand dollar firmed to 0.7097.

Overnight on Wall Street, the Dow Jones industrials closed 114.32 points or 0.38 percent higher at 30,129.83.

The Standard and Poor’s 500 added 2.75 points or 0.07 percent to 3,690.01.

The Nasdaq Composite meantime lost 36.80 points or 0.29 percent to 12,771.11.

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