Fri, 19 Jul 2019

Mixed day on Asian bourses Friday, dollar drifts lower

Lola Evans
12 Jul 2019, 17:44 GMT+10

SYDNEY, Australia - U.S. stocks were stronger in the Asia Pacific region on Friday, although there was a dip in demand for Australian stocks.

In Japan, the Nikkei 225 rose 42.37 points or 0.20% to 21,685.90.

China's Shanghai Composite gained 12.79 points or 0.44% to 2,930.55.

The Australian All Ords, going against the trend, fell 17.00 points or 0.25% to 6,788.80.

The U.S. dollar remained friendless with the majors making minor gains across the board.

In late trading in Sydney on Friday, the euro was quoted at 1.1271.

The British pound inched up to1.2550, while the Japanese yen edged higher to 108.34. The Swiss franc was stronger at 0.9879.

The Canadian dollar strengthened to 1.3027.

The Australian dollar rose to 0.6997, while across the Tasman, the New Zelaand dollar cruised higher to 0.6685.

Overnight on Wall Street, the Dow Jones industrials advanced 227.88 points or 0.85% to 27,088.08.

The Standard and Poor's 500 rose 6.84 points or 0.23% to 2,999.91.

The Nasdaq Composite conversely slid 6.49 points or 0.08% to 8,196.04.

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