Wed, 05 Aug 2020

Stocks in Asia jump, Aussie dollar dives

Lola Evans
19 Sep 2019, 18:05 GMT+10

SYDNEY, Australia - Stocks in the Asian region trader higher on Thursday, with gains across the board.

The U.S. dollar softened slightly except against the commodity currencies which took a tumble.

In Japan, the Nikkei 225 gained 83.74 points or 0.38% to 22,044.45.

The Shanghai Composite added 13.62 points or 0.46% to 2,999.28.

The Australian All Ordinaries closed at a 7-week high, gaining 34.00 points or 0.50% to 6,825.20.

Australia's unemployment rate hit a one-year high last month, adding to speculation that the Reserve Bank of Australia will reduce interest rates when it meets next month. This sent the Australian dollar diving 0.70% to 0.6785 by the Sydney close.

The New Zealand dollar fell in sympathy, ending the Asian session around 0.6309.

The euro was soft at 1.1043. The British pound was little changed at 1.2482. The Japanese yen firmed to 108.07, while the Swiss franc gained to 0.9928.

The Canadian dollar weakened to 1.3289.

Overnight on Wall Street, the Dow Jones Industrial Average .DJI was ahead 36.35 points, or 0.13%, at 27,147.15.

The Standard and Poor's 500 rose 1.02 points, or 0.03%, to 3,006.72.

The Nasdaq Composite declined 8.62 points, or 0.11%, to 8,177.39.

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