Thu, 13 Aug 2020

Shares in Japan and Australia shine, Chinese stocks drift

Lola Evans
20 Aug 2019, 18:30 GMT+10

SYDNEY, Australia - Stocks in China and Hong Kong took a breather on Tuesday, after the heady gains of a day earlier.

Japanese and Australian shares conversely made appreciable gains.

The U.S. dollar continued to gain ground across a broad basket of currencies in Asia on Tuesday, but relinquished a little ground to the safe-haven currencies, the Japanese yen and Swiss franc.

At the close of trading on Tuesday, the Nikkei 225 was ahead 114.00 points or 0.55% at 20,677.22.

The Shanghai Composite was down 3.09 points or 1.11% at 2,880.00.

The Australian All Ordinaries rose 76.90 points or 1.17% to 6,627.40.

In Hong Kong, the Hang Seng slipped 34.46 points or 0.36% to 26,287.38.

On Foreign exchange markets, the euro dipped to 1.1074. The British pound fell to 1.2094.

The Canadian dollar weakened to 1.3324.

The Australian dollar was little changed at 0.6780, while across the Tasman, the New Zealand dollar inched down to .06410.

The Japanese yen rose to 106.40, while the Swiss franc firmed to 0.9801.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 249.78 points, or 0.96%, at 26,135.79 at the close on Monday.

The Standard and Poor's 500 added 34.97 points, or 1.21%, to 2,923.65.

The Nasdaq Composite climbed 106.82 points, or 1.35%, to 8,002.81.

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