Mon, 13 Jul 2020

Asian stock markets on the rise Wednesday

Sydney News
09 Jan 2019, 18:21 GMT+10

SYDNEY, Australia - Stocks in Asia took their cue from Wall Street Wednesday and rose across the board.

After 3 consecutive days of rises, fueled by seemingly positive trade talks between the U.S. and China, U.S. stocks rose strongly again overnight.

The sentiment carried on into Asian markets with the Nikkei 225 in Tokyo closing 223.02 points or 1.10% higher at 20,427.06.

The Australian All Ords added 55.10 points or 0.95% to 5,838.40.

The Hong Kong Hang Seng strengthened by 543.94 points or 2.10% to 26,419.39.

The Shanghai Copmposite rose 17.88 points or 0.71% to 2,544.34.

The U.S. dollar remained on the defensive in Asian markets on Wednesday.

Around the close in Sydney, the euro had inched up to 1.1466. The British pound firmed to 1.2738, and the Swiss franc to 0.9805.

The Japanese yen however dipped to 108.90.

The Canadian, Australian and New Zealand dollars all rose respectively to 1.3225, 0.7156 and 0.6757.

On Wall Street overnight, the Dow Jones industrials strengthed 256.10 points or 1.09% to close at 23,787.45.

The Standard and Poor's 500 added 24.72 points or 0.97% to 2,574.41.

The Nasdaq Composite rose 73.53 points or 1.08% to 6,897.00.

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