Sun, 28 Feb 2021

Stocks reel in Asia, greenback selling eases

Lola Evans
22 Jan 2021, 17 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia were sold off on Friday.

All the major indices lost ground, while the rout in the U.S. dollar paused.

In Japan the Nikkei 225 fell 125.41 points or 0.44 percent to 28,631.45.

The Australian All Ordinaries declined 28.20 points or 0.40 percent to 7,078.90.

The Hang Seng in Hong Kong tumbled by 479.91 points or 1.60 percent to 29,447.85.

China's Shanghai Composite declined 14.51 points or 0.40 percent to 3,606.75.

The euro eased a fraction on Friday during Asian trading. It last traded around the Sydney close at 1.2166.

The British pound slipped to 1.3695. The Japanese yen was a tad lower at 103.62. The Swiss franc was firm at 0.8853.

The Canadian dollar declined to 1.2675. The Australian dollar fell to 0.7736.

Overnight on Wall Street, the Dow Jones closed with a loss of 12.37 points or 0.04 percent, finishing at 31,176.01.

The Standard and Poor's 500 was flat, adding just 1.22 points or 0.03 percent to 3,853.07.

The Nasdaq Composite climbed 73.67 points or 0.55 percent to 13,530.92.

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