Fri, 21 Feb 2020

Modest gains for most Asian bourses on Monday

Lola Evans
20 Jan 2020, 17:04 GMT+10

SYDNEY, Australia - Stocks were mainly well bid on Monday, the start of a new trading week.

The Hong Kong market though lost ground.

The U.S. dollar was in demand.

At the close of trading Monday the Nikkei 2256 in Japan was ahead 42.25 points or 0.18% at 24,0843.51.

China's Shanghai Composite added 20.29 points or 0.66% to 3,095.79.

The Australian All Ordinaries gained 16.00 points or 0.22% to 7,196.30.

On forex markets, the euro was listless at 1.1100. The British pound tumbled to 1.2910. The Japanese yen was friendless at 110.18.

The Swiss franc was weaker at 0-.9685. The Canadian dollar edged a little higher, back to its its rigid 1.3060 level.

The Australian dollar eased to 0.6885, while the New Zealand dollar was a fraction lower at 0.6620.

European markets looked positive at the start of trading.

U.S. markets are closed Monday for the Martin Luther King Day.

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