Wed, 19 Jun 2019

Shanghai and Hong Kong stock indices dive

Lola Evans
17 May 2019, 18:28 GMT+10

SYDNEY, Australia - Asian stock markets were mixed on Friday with Japanese and Australian bourses moving higher, while in China, the major indices fell deep into negative territory.

The U.S. dollar was little changed, although it stregnthened again against sterling.

At the close of trading in Tokyo on Friday the Nikkei 225 was ahead 187.11 points or 0.89% at 21,250.09.

The Australian All Ordinaries gained 42.70 points or 0.67% to 6,460.20.

In China, the Shanghai Composite weakened  sharply, losing 73.48 points or 2.48% to 2,882.30.

In Hong Kong, the Hang Seng dived 289.35 points or 1.02% to 27,985.72.

The British pound continued lower, last being quoted around the Sydney close at 1.2785.

The euro remained at its New York close of 1.1176.

The Japanese yen and Swiss franc each gained a fraction, to 109.66 and 1.0088 respectively.

The Canadian dollar dipped to 1.3474, while the Australian and New Zealand dollars slipped to 0.6882 and 0.6537.

Overnight on Wall Street, the Dow Jones Industrial Average rose 214.72 points or 0.84% to 25,862.74.

The Standard and Poor's 500 advanced 25.37 points or 0.89% to 2,876.33.

The Nasdaq Composite climbed 75.90 points or 0.97% to 7,898.05.

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