Mon, 10 Aug 2020

Greenback attempts comeback in Asia, stock markets mixed

Lola Evans
30 Jul 2020, 19:29 GMT+10

SYDNEY, Australia - The Australian stock market was the one bright spot on the Asian horizon on Thursday.

The All Ordinaries rose 49.50 points or 0.81% to 6,177.50.

Elsewhere sellers were holding sway. In China, the Shanghai Composite dropped 7.73 points or 0.23% to 3,286.82. The blue-chip CSI300 index closed down 0.50% to 4,656.15

Tokyo's Nikkei 225 slipped 57.88 points or 0.26% to 22,339.23.

In Hong Kong, the Hang Seng declined 172.55 points or 0.69% to 24,710.59.

The U.S. dollar clawed back some lost ground in the Asian session as traders took profits. The euro dipped to 1.1755. The British pound softened to 1.2957. The Japanese yen slipped to 105.08, while the Swiss franc eased to 0.9136.

The Canadian dollar retreated to 1.3406. The Australian dollar fell half-a-cent to 0.7135, while the New Zealand dollar did likewise,. The kiwi was last quoted at 0.6623.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 160.29 points, or 0.61%, at 26,539.57.

The Standard and Poor's 500 rose 40 points, or 1.24%, to 3,258.44.

The Nasdaq Composite climbed 140.85 points, or 1.35%, to 10,542.94.

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