Sat, 25 May 2019

Asian markets mixed, U.S. dollar continues rising

Lola Evans
24 Apr 2019, 18:26 GMT+10

SYDNEY, Australia - The Australian stock marked extended recent gains on Wednesday, despite a major fall in the Australian dollar which appears intent on heading towards the crucial 0.70 cents level.

Japanese and Hong Kong markets dipped, while in China stocks were flat.

At the close on Wednesday, the Australian All Ordinaries was 59.50 points or 0.93% higher at 7,470.60.

In Tokyo the Nikkei 225 lost 59.74 points or 0.27% to 22,200.00.

The Shanghai Composite rose 3.02 points or 0.09% to 3,201.61.

The Hang Seng in Hong Kong gave up 149.17 points or 0.50% to 29,814.07.

The U.S. dollar remained supreme in Asia, adding to recent gains.

The euro tumbled to 1.1213 by the close in Sydney on Wednesday.

The British pound fell to 1.2930, a two-month low.

The Japanese yen crept up a few points to 111.81, while the Swiss franc was little changed at 1.0189.

The Canadian dollar fell tro 1.3458.

The Australian dollar fell sharply to 0.7043, while the New Zealand dollar was also noticeably weaker at 0.6626.


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