Thu, 09 Jul 2020

Little movement in Asian stocks

Lola Evans
22 Aug 2019, 20:20 GMT+10

SYDNEY, Australia - Stocks were little moved in Asian trading on Thursday.

The Nikkei 225 rose 9.44 points or 0.05% to 20,628.01.

China's Shanghai Composite inched up 3.10 points or 0.11% to 2,883.44.

In Hong Kong, the Hang Seng, slid 221.32 points or 0.84% to 26,048.72.

The Australian All Ordinaries gained 20.40 points or 0.31% to 6,593.00.

On foreign exchange markets the euro at first jumped to a high of 1.1113 after German manufacturing PMI came in better than expected at 43.6, however the rally was short-lived and by early European trading Thursday, the EU unit had dipped to 1.1079.

The British pound edged down to 1.2134. The Japanese yen was a tad stronger at 106.38, as was the Swiss franc at 0.9825.

The Canadian dollar was slightly stronger at 1.3288. The Australian dollar fell to 0.6969. The New Zealand dollar was sharply weaker at 0.6380.

European markets opened in the red and by mid-morning the major indices across the region were trading on average down by about 0.50%.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 241.45 points, or 0.93%, at 26,203.89.

The Standard and Poor's 500 rose 23.92 points or 0.82% to 2,924.43.

The Nasdaq Composite climbed 71.65 points, or 0.9%, to 8,020.21.

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