Mon, 25 Jan 2021

Stock markets in Asia bounce back, across-the-board gains

Lola Evans
01 Dec 2020, 16:36 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia bounced back on Tuesday, a day after stocks across the world tumbled.

Good gains were made across the board, while the U.S. dollar resumed it's slide after a one day respite.

At the close of trading Tuesday, the Nikkei 225 in Tokyo had rallied 353.92 points or 1.34 percent to 26,787.54.

The Australian All Ordinaries pushed 70.10 points or 1.04 percent higher to 6,812.20.

Chinese and Hong Kong stocks too were trading in the black in late trading.

The euro bounced up to 1.1956 by the Sydney close Tuesday. The British pound strengthened to 1.3865. The Japanese yen was a fraction higher at 104.36. The Swiss franc firmed to 0.9071.

The Canadian dollar rose to 1.2967. The Australian dollar rose to 0.7365, while the New Zealand dollar inched up 0.7033.

Overnight on Wall Street, the Dow Jones fell 271.14 points or 0.91 percent to 29,639.23.

The Standard and Poor's 500 fell 16.66 points or 0.46 percent to 3,621.69.

The Nasdaq Composite let go 7.11 points or 0.06 percent to 12,198.74.

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