Move FM Australian News
Stocks have mixed day in Asia Friday, ASX tumbles
May 1, 2020SYDNEY, Australia – Stocks in Asia were mixed on Friday. The biggest mover was the Australianstock market fell which plunged nearly 5%. The Australian dollar also dived.
Japan’s Nikkei 225 was also sold off, but more modestly. The key Japanese share index fell 574.34 points or 2.94% to 19,619.35.
China’s Shanghai Composite gained 37.64 points or 1.33% to 2,860.08.
In Hong Kong, the Hang Seng was ahead 67.63 points or 0.28% to 24,643.59.
The Australian All Ordinaries surprised with its sharp deterioration. The benchmark index dropped 272.70 points or 4.87% to 5,325.00.
The Australian dollar completed a one-cent drop over the previous 24 hours, last treading in Sydney on Friday evening at 0.6451.
The euro consolidated its recent gains to trade at 1.0971. The British pound was strongly bid at 1.2551. The Japanese yen eased a touch to 106.90. The Swiss franc firmed to 0.9625.
The Canadian dollar dipped to 1.4022, while the New Zealand dollar eased to 0.6090.
Overnight on Wall Street, the Dow Jones Industrial average closed down 288.14 points, or 1.17%, at 24,345.72.
The Standard and Poor’s 500 dropped 27.08 points, or 0.92%, to 2,912.43.
The Nasdaq Composite fell 25.16 points, or 0.28%, to 8,889.55.
