Tue, 19 Jan 2021

China's stock markets rally, Australian shares fall

Lola Evans
12 Jan 2021, 16:46 GMT+10

SYDNEY, NSW, Australia - Stocks in China, including Hong Kong rallied on Tuesday.

In Japan, traders returned to their desks after a 3-day weekend. The Nikkei 225 made a modest gain, adding 25.31 points or 0.09 percent to 28,164.34.

The Australian All Ordinaries fell 20.40 points or 0.29 percent to 6,939.10.

China's Shanghai Composite was the big gainer on the day, adding 76.84 points or 2.18 percent to 3,608.34.

In Hong Kong, the Hang Seng rose 368.53 points or 1.32 percent to 28,276.75.

The U.S. dollar consolidated recent gains during the Asian trading zone but lost a few points against the commodity currencies.

The euro was friendless at 1.2152. The British pound was lacklustre at 1.3548. The Japanese yen slipped to 104.20. The Swiss franc eased to 0.8907.

The Canadian dollar edged up to 1.2761. The Australian dollar was a fraction higher at 0.7711. The New Zealand dollar firmed to 0.7178.

Overnight on Wall Street, the tech-laden Nasdaq Composite lost 165.54 points or 1.25 percent to close at 13,036.43.

The Standard and Poor's 500 dropped 25.07 points or 0.66 percent to 3,799.61.

The Dow Jones industrials fell 89.78 points or 0.29 percent to 31,028.69.

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