Tue, 04 Aug 2020

Asian markets move high, dollar fall continues

Lola Evans
20 Jun 2019, 20:08 GMT+10

HONG KONG - Share in Asia continued higher on Thursday while the U.S. dollar sell-off extended.

By the close on Thursday the Hang Seng index in Hong Kong had added another 348.29 points or 1.23% to close at 28,550.43.

There was more feverish demand however in China as the benchmark Shanghai Composite index rose 69.32 points or 2.38% to close out the day at 2,987.12.

The Australian All Ordinaries gained 39.40 points or 0.59% to 6,767.90.

In Japan, the Nikkei 225 jumped 128.99 points or 0.60% to 21,462.86.

The euro advanced to 1.1301 in the Asian session, while the British pound too spiralled higher. It finished in Hong Kong around 1.2719.

The Japanese yen went against the trend, drifting down to 107.80.

The Swis franc firmed to 0.9866.

The Canadian dollar continued its recent rally to 1.3201.

The Australian and New Zealand dollars rose respectively to 0.6923 and 0.6593.

Overnight on Wall Street, the Dow Jones industrials advanced 38.46 polints or 0.15% to 26,504.00.

The Standard and Poor's 500 rose 8.71 points or 0.30% to 2,926.46.

The Nasdaq Composite appreciated by 33.44 points or 0.42% to 7,987.32.

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