Thu, 22 Aug 2019

Shares in Tokyo take big fall

Lola Evans
18 Jul 2019, 17:58 GMT+10

SYDNEY, Australia - Asian stocks fell sharply on Thursday, as the global sell-off continued.

In Tokyo stocks shattered with the key Nikkei 225 index tumbling 422.94 points or 1.97% to 21,046.24.

In China, the Shanghai Composite lost 30.52 points or 1.04% to 2,901.18.

The Australian All Ordinaries weakened by 28.60 points or 0.42% to 6,735.40.

On foreign exchange markets the U.S. dollar continued to ease after its heady run up in the last week or so. The euro firmed to 1.1238. The Brtiish pound made a good recovery to 1.2463.

The Swiss franc was stronger at 0.9857. The Japanese yen was sharply higher at 107.74.

The Canadian dollar inched up to 1.3055. The Australian dollar rose strongly in the Asian session to 0.7034, as did the New Zealand dollar to 0.6741.

Overnight on Wall Street, the Dow Jones industrials were down 115.78 points or 0.42% at 27,219.85.

The Nasdaq Composite fell 37.59 points or 0.46% to 8,185.21.

The Standard and Poor's 500 shed 19.62 points or 0.65% to 2,984.42.

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