Wed, 12 May 2021

Stocks in Asia mixed, greenback correc tion deepens

Lola Evans
14 Apr 2021, 17:17 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia were on the mend on Wednesday in mainland China, Hong Kong and Australia, but were sold off in Japan.

In Tokyo, the Nikkei 225 dropped 130.561 points or 0.44 percent to 29,620.99.

The Australian All Ordinaries rose 52.10 points or 0.72 percent to 7,283.10.

The Hang Seng in Hong Kong was the best performer, jumping 403.58 points or 1.42 percent to 28,900.83.

China's Shanghai Composite advanced 20.25 points or 0.60 percent to 3,416.72.

The U.S. dollar got a pounding in Asia with the greenback falling to a three-week low.

The euro gained to 1.1968, while the British pound rose to 1.3794. The Japanese yen strengthened to 108.88. The Swiss franc rose to 0.9198.

The Canadian dollar firmed to 1.3539. The Australian and New Zealand dollars made strong gains, climbing to 0.7679 and 0.7099 respectively.

Overnight on Wall Street, the Nasdaq Composite took top honors Tuesday, finishing the day ahead 146.10 points or 1.05 percent at 13,996.10.

The Standard and Poor's 500 advanced 13.60 points or 0.33 percent to 4,141.59.

The Dow Jones industrials went against the trend, shedding 68.13 points or 0.20 percent to 33,677.27.

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