Sat, 30 May 2020

Asian stocks mostly rise, but Hong Hong dips

By Jay Jackson, Britain News.Net
21 Mar 2019, 19:53 GMT+10

SYDNEY, Australia - Stocks in China, Japan and Australia rose on Thursday, but in Hong Stock the main index fell.

The U.S. dollar remained under pressure following the Federal Reserve's decision to leave interest rates unchanged for the balance of the year.

At the close of trading Thursday, the Nikkei 225 was ahead 42.07 points or 0.20% at 21,608.92.

In China, the Shanghai Composite gained 10.81 points or 0.55% to 3,101.46.

The Australian All Ordinaries rose 1.70 points or 0.03% to 6,253.50.

Going against the trend, the Hang Seng in Hong Kong declined 249.41 points or 0.85% to 29,071.56.

The euro gave up a few basis points in Asia but was still being bid at 1.1404 around the Sydney close Thursday.

The British pound edged up a touch to 1.3175, as did the Japanese yen to 110.44.

The Swiss franc was firmer at 0.9928.

The Canadian dollar rose slightly to 1.3304.

More pronounced gains occurred with the Australian and New Zealand dollars which rose to 0.7141 and 0.6915 reswpectively.

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