Thu, 13 May 2021

No joy for Asian markets or for the U.S. dollar Thursday

Lola Evans
22 Oct 2020, 17:29 GMT+10

SYDNEY, NSW, Australia - There was a slide in most Asian stock markets on Thursday.

In Tokyo, the Nikkei 225 dropped 165.19 points or 0.70 percent to 23,474.27.

The Australian All Ordinaries slid 19.40 points or 0.30 percent to 6,383.70.

China's Shanghai Composite slipped 12.52 points or 0.38 percent to 3,313.50.

The Hang Seng in Hong Kong managed a slight gain, rising 12.94 points or 0.05 percent to 24,767.36.

The U.S. dollar spent the day consolidating at lower levels. The euro retained the upper hand throughout the Asian session, finishing at around 1.1859. The British pound was in demand at 1.3143. The Japanese yen edged higher to 104.50. The Swiss franc remained strong at 0.9049.

The Canadian dollar held on to its gains, to last trade at 1.3156. The Australian dollar was little changed at 0.7112.

Overnight on Wall Street, the Dow Jones Industrial Average lost 97.97 points, or 0.35 percent, at 28,210.82.

The Standard and Poor's 500 dropped 7.56 points, or 0.22 percent, to 3,435.56.

The Nasdaq Composite fell 31.80 points, or 0.28%, to 11,484.69.

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