Asian markets end mixed, U.S. dollar in demand

Fri, 23 Aug 2019

Asian markets end mixed, U.S. dollar in demand

By Jay Jackson, Asia Pacific Star
11 Feb 2019, 18:36 GMT+10

The Hong Kong Hang Seng rallied 177.30 points or 0.64% to 28,124.05
The Shanghai Composite saw good demand, jumping 35.66 points or 1.36% to 2,653.90
In Japan the mood was much gloomier. Tokyo's Nikkei 225 plummeted 418.11 points or 2.01% to 20,333.17

SYDNEY, Australia - Shares in China and Australian gained on Monday, however in Japan stocks tanked as at the Friday close.

At the close of trading Monday the Australian All Ordinaries was ahead 7.60 points or 0.12% at 6,128.60.

The Hong Kong Hang Seng rallied 177.30 points or 0.64% to 28,124.05.

In China, the Shanghai Composite saw good demand, jumping 35.66 points or 1.36% to 2,653.90.

In Japan markest were closed Monday for a public holiday, however opn Friday Tokyo's Nikkei 225 plummeted 418.11 points or 2.01% to 20,333.17.

On foreign exchange markets the U.S. dollar continued to dominate. The euro fell to 1.1322 as German interest rate yields for its 10 year paper tumbled to 0.07%.

The British pound was weak at 1.2918, while the Swiss franc eased to 1.0076.

The Japanese yen fell to 109.98.

The Canadian dollar was weaker at 1.3280.

The Australian dollar edged higher to 0.7094, while its counterpart across the Tasman, the New Zealand Dollar was a fraction higher at 0.6760.

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