Fri, 03 Apr 2020

Japanese yen falls as December 31 economic pace declines

Lola Evans
17 Feb 2020, 16:46 GMT+10

SYDNEY, Australia - Shares in Japan sank on Monday as the country's economy recorded its slowest quarterly growth in six years.

The Japanese economy in the December quarter was the slowest since 2014.

The Nikkei 225 fell 164.35 points or 0.69% to 23,523.24.

The Japanese yen also weakened, last trading in Sydney late Monday at 109.84.

The Australian All Ordinaries also fell, losing 5.90 points or 0.08% to 7,221.20.

In China however the mood was jubilant. The Shanghai Composite jumped 66.61 points or 2.28% to 2,983.62.

The Hong Kong Hang Seng advanced 144.00 points or 0.52% to 27,959.60.

The euro was weak at 1.0838. The British pound was little changed at 1.3043. The Swiss franc was lower at 0.9822.

The Canadian dollar fell to 1.3237. The Australian dollar perked up, to trade a little higher at 0.6728. The New Zealand dollar rose to 0.6430.

U.S. equity and bond markets will be closed on Monday for a public holiday.

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