Mon, 08 Mar 2021

Quiet day for stocks in Asia, greenback recovery extends

Lola Evans
26 Jan 2021, 16:43 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia lost ground on Tuesday.

The Australian market missed the damage as markets were closed for the annual Australia Day celebration.

In Tokyo, the Nikkei 225 shed 276.11 points or 0.96 percent to 28,546.18.

The Hang Seng in Hong Kong gave up all of of Monday's 711 points gain and more. The benchmark index lost 767.75 points or 2.55 percent to close Tuesday at 29,391.26.

China's Shanghai Composite declined 54.81 points or 1.51 percent to 3,569.43.

The U.S. dollar continued to pick up ground in Asia on Tuesday, after rallying on Monday. The euro firmed to 1.2129 Tuesday. The British pound fell to 1.3644. The Japanese yen was little changed at 103.71. The Swiss franc dipped to 0.8886.

The Australian dollar slid to 0.7684. The Canadian dollar was weaker at 0.7684. The New Zealand dollar slipped to 0.7179.

Overnight on Wall Street, the Nasdaq Composite closed 92.93 points or 0.69 percent higher at 13,635.99.

The Standard and Poor's 500 added 13.89 points or 0.36 percent to 3,855.36.

The Dow Jones industrials dropped 36.98 points or 0.12 percent to 30,960.00.

More Baton Rouge News

Access More

Sign up for Baton Rouge News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!