Mon, 18 Jan 2021

Asian bourses strengthen, sterling hits two-month high

Lola Evans
20 Sep 2019, 18:05 GMT+10

SYDNEY, Australia - Stocks were positive but moves were unremarkable on Asian stock exchanges on Friday.

Japan's Nikkei 225 added 34.64 points or 0.16% to 22,079.09.

In China, the Shanghai Composite rose 7.17 points or 0.24% to 3,006.45.

The Australian All Ordinaries climbed 13.80 points or 0.20% 6,839.00.

The Hang Seng in Hong Kong went against the trend losing a modest 33.28 points or 0.13%, to close Friday at 26,435.67.

On foreign exchange markets, the British pound continued its recent run, hitting 1.2566, a two-months high, around the Sydney close.

The euro inched up to 1.1051. The Japanese yen was stronger at 107.93, while the Swiss franc firmed to 0.9910.

The Canadian dollar was little changed at 1.3268. The Australian dollar was a fraction higher at 0.6800, however across the Tasman the dismal New Zealand dollar continued weakening. It was last quoted at 0.6285.

Overnight on Wall Street, the Standard and Poor's 500 literally went nowhere, adding just 0.06 of a point to 3,006.79.

The Dow Jones industrials fell 52.29 points or 0.19% to 27,094.79.

The Nasdaq Composite rose 5.49 points or 0.07% to 8,182.88.

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