Mon, 18 Nov 2019

Investors hesitate on Asian markets Thursday

Lola Evans
07 Nov 2019, 17:29 GMT+10

SYDNEY, Australia - Stocks made slight gains in Asian countries on Thursday, however advances were modest.

China's Shanghai Composite finished just 0.12 of a point higher, for no noticeable percentage gain. The benchmark index closed Thursday at 2,978.71.

In Japan the Nikkei 225 rose 26.50 points or 0.11% to 23,330.32.

The Australian All Ordinaries gained 63.70 points or 0.94% to 6,836.90.

In Hong Kong, the Hang Seng advanced 158.59 points or 0.57% to 27,847.23.

On foreign exchange markets, the U.S. dollar continued its recovery although the gains in the Asian session were minor.

The euro slipped to 1.1059. The British pound eased to 1.2840. The Japanese yen was a tad weaker at 108.79. The Swiss franc declined to 0.9930.

The Canadian dollar fell to 1.3182. The Australian dollar was little changed at 0.6874, while the New Zealand dollar weakened to 0.6354.

Overnight on Wall Street, the Dow Jones dropped 1.31 points to 27,491.32.

The Standard and Poor's 500 inched up by 0.93 of a point or 0.03% to 3,075.55.

The Nasdaq Composite shed 26.58 points or 0.32% to 8,408.11.

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