Hong Kong stocks appreciate, elsewhere markets slide

08 Jul 2020

NEW YORK, New York – Stocks in Asia were mostly on Wednesday, in line with the sell-off globally a day earlier.

The Nikkei 225 in Tokyo was 176.04 points or 0.78% lower at 22,438.65.

In China, the Shanghai Composite gave up 58.10 points or 1.74% to 3,403.44.

The Australian All Ordinaries was down 92.40 points or 1.51% to 6,034.30.

In Hong Kong, the Hang Seng advanced 167.67 points or 0.65% to 26,143.33.

The U.S. dollar was a touch weaker during the Asian markets session on Tuesday.

The euro edged up to 1.1288. The British pound was in demand at 1.2648.

The Japanese yen was inches higher at 107.48, while the Swiss franc formed to 0.9414.

The Canadian dollar was a fraction higher at 1.3592. The Australian dollar rose to 0.6747 while the New Zealand dollar traded at 0.6547.

Overnight on Wall Street, the Dow Jones Industrial Average was down 396.85 points, or 1.51%, at 25,890.18.

The Standard and Poor’s 500 dipped 34.4 points, or 1.08%, to 3,145.32.

The Nasdaq Composite fell 89.76 points, or 0.86%, to 10,343.89.

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