Fri, 19 Jul 2019

Stocks rise across board in Asia

Lola Evans
15 May 2019, 17:55 GMT+10

<p>SYDNEY, Australia - Asian stock markets rallied on Wednesday, continuing a global trend which began Tuesday, and helped along by more positive comments from U.S. President Donald Trump on the ongoing trade negotiations with China.</p><p>The Nikkei 225 in Japan gained 121.33 points or 0.58% to 21,188.56.</p><p>China&#39;s Shanghai Composite appreciated by 55.07 points or 1.91% to 2,938.68.</p><p>The Australian All Ords added 43.70 points or 0.69% to 6,370.90.</p><p>The U.S. dollar retained its strength in Asia on Wednesday. The euro remained cowered around 1.1205. The British pound was weak, albeit a few basis points higher at 1.2915.</p><p>The Japanese yen rose a tad to 109.53.</p><p>The Swiss franc was also a touch stronger at 1.0068.</p><p>The Commodity currencies all weakened. The Canadian dollar fell to 1.3475. The Australian dollar continued its slide to 0.6922. The New Zealand dollar fell to 0.6562.</p><p><a href="https://www.bignewsnetwork.com/news/261033610/us-stocks-close-sharply-higher-after-trump-soothes-concerns-on-china">Overnight on Wall Street</a>, the Dow Jones Industrial Average climbed 207.19 points or 0.82% to close Tuesday at 25,532.18.</p><p>The Standard and Poor&#39;s 500 jumped 22.56 points or 0.80% to 2,834.43.</p><p>The Nasdaq Composite which had fared worst in Monday&#39;s bloodbath, did best in the recovery too. The tech-laden index rose&nbsp; 87.47 points or 1.14% to 7,734.49.</p>

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