Wed, 11 Aug 2021

Global stocks rally extends to Asia, U.S. dollar mixed

Lola Evans
11 Aug 2021, 18:17 GMT+10

SYDNEY, NSW, Australia - Stockmarkets in Asia joined their global counterparts on Wednesday pushing the major indices higher.

In Japan, the Nikkei 225 gained 182.36 points or 0.65 percent to 28,070.51.

China's Shanghai Composite edged up 2.69 points or 0.08 percent to 3,532.62.

The Australian All Ordinaries added 24.20 points or 0.31 percent to 7,854.60.

In Hong Kong, the Hang Seng advanced 11.57 points or 0.04 percent to close Wednesday at 26,617.19.

The U.S. dollar was mixed. The euro c continued to drift lower to 1.1716 by the Sydney close Wednesday.

The British pound inched down to 1.3821. The Japanese yen was little changed at 110.75. The Swiss franc crept higher to 0.9233.

The Canadian dollar was little changed at 1.2531. The Australian dollar softened to 0.7331. The New Zealand dollar edged down to 0.7008.

Overnight on Wall Street, the Dow Jones industrials did best of all, rising 162.82 points or 0.46 percent to 35,264.67, a new record.

The Standard and Poor's 500 inched up 4.40 points or 0.10 percent to 4,436.75, also a new record.

The Nasdaq Composite retreated 72.09 poi nts or 0.49 percent to close Tuesday at 14,788.09.

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