Fri, 22 Jan 2021

SYDNEY, Australia - Stocks in Asia made strident gains on Wednesday, although on the Chinese mainland the advance was limited.

The U.S. dollar continued its descent as protests continued across America.

The Australian All Ordinaries led the way, gaining 104.80 points or 1.76% to 6,064.90.

The Hong Kong market rallied with the benchmark index the Hang Seng rising 329.68 points or 1.37% to 24,325.62.

In Japan, the Nikkei 225 rose 288.15 points or 1.29% to 22,613.76.

China's Shanghai Composite lagged, gaining just 1.97 points or 0.07% to 2,923.37.

The euro solidified recent gains advancing to 1.1215 by the Sydney close Wednesday. The British pound was stronger at 1.2572. The Swiss franc edged up to 0.9621.

The Canadian dollar rose to 1.3525. The Australian dollar was in demand at 0.6889, while the New Zealand dollar strengthened to 0.6384.

Only the Japanese yen went against the trend, softening to 108.71.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 267.63 points, or 1.05%, at 25,742.65.

The Standard and Poor's 500 rose 25.09 points, or 0.82%.

The Nasdaq Composite advanced 56.33 points, or 0.59%, to 9,608.38.

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