Sat, 08 Aug 2020

Asian markets drop back, so too U.S. dollar

Lola Evans
13 Jun 2019, 18:09 GMT+10

SYDNEY, Australia - Stocks in Asia were largely weaker on Thursday.

The Nikklei 225 fell 97.72 points or 0.46% to 21,032.00.

In China, the Shanghai Composite was virtally unchanged, ahead 1.36 points or 0.05% at 2,910.74.

The Australian All Ords dipped 9.80 points or 0.15% to 6,619.10.

The Australian Bureau of Statistics earlier Thursday reported the jobless rate held steady at 5.2% last month but showing signs it is slowing.

Youth unemployment covering those aged between 15 and 24 was 30%.

On forex markets the euro improved a tad on its New York close. It was last quoted around the Sydney close on Thursday at 1.1297.

The British pound was a fraction stronger at 1.2679.

The Japanese yen firmed to 108.33.

The Swiss franc improved a touch to 0.9932, as did the Canadian dollar to 1.3316.

The New Zealand dollar declined slightly to 0.6573.

The Australian dollar, in the face of the not-so-robust employment numbers fell sharply to 0.6913.

Overnight on Wall Street, the Dow Jones Industrial Average dropped 43.68 points or 0.17% to 26,004.83.

The Stanadard and Poor's 500 fell 5.88 points or 0.20% to 2,879.84.

The Nasdaq Composite shed 29.85 points or 0.38% to 7,792.72.

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