Wed, 11 Aug 2021

Asian stock markets rebound, dollar listless

Lola Evans
10 Aug 2021, 17:42 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia rose on Tuesday despite the mixed reaction on Wall Street overnight.

The Nikkei 225 in Japan traded for the first time since Friday, adding 68.11 points or 0.24 percent to 27,888.15.

China's Shanghai Composite climbed 35.30 points or 1.01 percent to 3,529.93.

The Australian All Ordinaries strengthened by 26.10 points or 0.33 percent to 7,830.40.

The Hang Seng in Hong Kong did best of all, advancing 322.22 points or 1.23 percent to close at 26,605.62.

The U.S. dollar which appreciated overnight was frozen in time during the Asian session. It barely moved from its overnight closing levels in New York. The euro was quoted at 1.1735 around the Sydney close Tuesday. The British pound traded at 1.3850. The Japanese yen was observed at 110.42. The Swiss franc levelled out at 0.9204.

The Canadian dollar was unmoved at 1.2560. The Australian dollar was listless at 0.7341. The New Zealand dollar was bid at 0.6986.

Overnight on Wall Street, the Dow Jones industrials retreated 106.66 points or 0.30 percent from Friday's record high, to close Monday at 35,101.85.

The Standard and Poor's 500 dipped 4.17 points or 0.09 percent to 4,432.35.

The Nasdaq Composite gained 24.42 points or 0.16 percent to 14,860.18.

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