Tue, 19 Jan 2021

Stocks close mixed in Asia, U.S. dollar renews slide

Lola Evans
24 Nov 2020, 16:34 GMT+10

SYDNEY, NSW, Australia - Stocks mostly strengthened in the Asian trading zone on Tuesday.

The biggest mover was the Japanese market where the benchmark Nikkei 225 index engaged in a major rally, rising 638.22 points or 2.50 percent to 26,165.59.

The Australian All Ordinaries closed 83.50 points or 1.23 percent higher at 6,855.50.

The Hang Seng in Hong Kong gained 102.00 points or 0.39 percent to 26,165.59.

China's Shanghai Composite, going against the regional trend, shed 11.67 points or 0.34 percent to 3,402.82.

The U.S. dollar after gaining some ground overnight fell out of favor in the Asian session. The euro perked back up to end around 1.1855 in Sydney on Tuesday. The British pound was well bid at 1.3342. The Japanese yen was a fraction higher at 104.38. The Swiss franc inched up to 0.9115.

The Canadian dollar advanced to 1.3044. The Australian dollar rose sharply to 0.7324, while the New Zealand dollar at 0.6975 was approaching a two year high.

Overnight on Wall Street, the Dow Jones index did best, climbing 327.79 points or 1.12 percent to 29,591.27.

The Standard and Poor's 500 gained 20.05 points or 0.56 percent to 3,577.59.

The Nasdaq Composite advanced 25.66 points or 0.22 percent to 11,880.63.

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