Mon, 26 Jul 2021

Asian investors take a breather, shun stocks

Lola Evans
23 Jun 2021, 17:51 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia traded in tight ranges on Wednesday, with little headway being made in either direction. The only exception was Hong Kong's Hang Seng which rose several hundred points.

In Japan, the Nikkei 225 slipped 9.24 points or 0.03 percent to 28,874.89.

China's Shanghai Composite edged up 8.86 points or 0.25 percent to 3,566.22.

The Australian All Ordinaries dropped 40.60 points or 0.53 percent to 7,552.10.

In Hong Kong, the Hang Seng did best, jumping 507.31 points or 1.79 percent to 28,817.07.

The U.S. dollar was a fraction lower in Asian trading Wednesday. The euro nudged up to 1.1933. The British pound firmed to 1.3984. The Japanese yen was unchanged at 110.89. The Swiss franc was a tad stronger at 0.9181.

The Canadian dollar inched up to 1.2299. The Australian dollar was a few basis points higher at 0.7552. The New Zealand dollar was a fraction higher at 0.7028.

Overnight on Wall Street, the Dow Jones industrials gained 68.61 points or 0.20 percent to close at 33,945.58.

The Nasdaq Composite rallied 111.79 points or 0.79 percent to 14,253.27.

The Standard and Poor's 500 advanced 21.65 points or 0.51 percent to 4,246.44.

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