Wed, 30 Sep 2020

Hong Kong stocks lead Asian markets higher

Lola Evans
04 Aug 2020, 19:09 GMT+10

SYDNEY, Australia - Stocks in Asia roared on Tuesday with strong gains across the board.

The U.S. dollar rally stalled with the euro rebounding to 1.1781.

In Japan, the Nikkei 225 jumped 378.28 points or 1.70% to 22,573.66.

Hong Kong's Hang Seng did better, stacking on 488.50 points or 2.00% to 24,946.63.

The Australian All Ordinaries rose 112.60 points or 1.86% to 6,166.50.

China's Shanghai Composite was flat as U.S.-Chinese relations continued to deteriorate. The key index rose just 3.72 points or 0.11% to 3,371.69.

The British pound was a tad weaker on Tuesday, slipping to 1.3055 compared to its New York close on Monday around 1.3076. The euro was 20 basis points higher at 1.1781.

The Japanese yen was unchanged at 105.97. The Swiss franc climbed to 0.9163.

The Canadian dollar was stronger at 1.3376. The Australian dollar firmed to 0.7138. The New Zealand dollar however weakened to 0.6603.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 236.10 points or 0.89% at 26,664.40.

The Standard and Poor's 500 rose 23.49 points or 0.72% to 3,294.51.

The unstoppable Nasdaq Composite gained 157.50 points or 1.47% to 10,902.80, a new record closing high.

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