Wed, 27 Mar 2019

Stocks in Asia quiet, directionless

By Jay Jackson, Vancouver News
14 Feb 2019, 16:09 GMT+10

SYDNEY, Australia - Stocks in Asia drifted on Thursday, puncturing recent optimism with no new news guiding investors.

The U.S. dollar too drifted, giving up a few basis points here and there, although against the yen it continued to flex its muscles.

At the close of trading Thursday, the Australian All Ordinaries was virtually unchanged, down 0.6 of a single point or 0.01% at 6,139.60.

In late afternoon trading in Tokyo, the Nikkei 225 was ahead 19.17 points or 0.09% at 21,163.65.

The Hong Kong Hang Seng was down 123.67 points or 0.43% at 28,373.92.

In China, the Shanghai Composite was off 4.68 points or 0.17% at 2,716.39.

The euro edged up to 1.1281 meantime, while the British pound inched up to 1.2867.

The Swiss franc was quoted at 1.008, while the Japanese yen continued to weaken to 111.03.

The Canadian dollar rose to 1.3239, the Australian dollar to 0.7122 and the New Zealand dollar to 0.6833.

Overnight on Wall Street, stocks remained in demand.

At the close of trading Wednesday the Dow Jones industrials were ahead 117.51 pointw or 0.46% at 25,543.27.

The Standard and Poor's 500 added 8.30 points or 0.30% to 2,753.03.

The Nasdaq Composite rose 5.76 points or 0.18% to 7,420.38.

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