Lola Evans
13 May 2022, 17:29 GMT+10
SYDNEY, NSW, Australia - Stock markets in Asia rebounded Friday with major gains recorded in Japan, Australia, Hong Kong, mainland China, and South Korea.
In Tokyo, the Nikkei 225 advanced 678.93 points or 2.64 percent to 26,427.65.
The Australian All Ordinaries rallied 141.10 points or 1.97 percent, to close Friday at 7,307.70.
South Korea's Kospi Composite surged 54.16 points or 2.12 percent to 2,604.24.
In China, the Shanghai Composite gained 29.29 points or 0.96 percent to 3,084.28.
The Hang Seng in Hong Kong jumped 518.43 points or 2.68 percent to 19,898.77.
In New Zealand, the S&P/NZX 50 went against the trend, dipping 9.18 points or 0.08 percent to 11,168.18.
The U.S. dollar remained well bid during the Asian trading zone. The euro steadied at1.0397 around the Sydney close Friday. The British pound was weak at 1.2214. The Japanese yen was little changed at 128.72. The Swiss franc eased a tad to 1.0025.
The Canadian dollar was range-bound at 1.3017. The Australian dollar was friendless at 0.6882. The New Zealand dollar remained weak at 0.6247.
Overnight on Wall Street, the Dow Jones industrials fell 103.81 points or 0.33 percent to 31,730.30.
The Standard and Poor's 500 dipped 5.10 points or 0.13 percent to 3,930.08.
The Nasdaq Composite gained 6.73 points or 0.06 percent to 11,370.96.
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationNEW YORK, New York - A hike in official U.S. interest rates of 0.25 percent, and a jump in inflation ...
SEATTLE, Washington: In a memo to staff sent this week, Amazon CEO Andy Jassy said the company plans to cut ...
DETROIT, Michigan: Due to leaking brake hoses and windshield wiper arms that can break off, Ford is recalling more than ...
NEW YORK, New York - Wall Street continued its advance on Tuesday as investors continued to weigh up the health ...
WASHINGTON D.C.: The US State Department has issued a travel warning regarding dangerous fake pills sold at pharmacies in Mexico, ...
FRANKFURT, Germany: The German Automobilwoche magazine has reported that as part of its efforts to switch to selling electric vehicles ...
BOISE, Idaho: Under a bill passed by the Idaho Legislature thios with a veto-proof majority, the state will allow firing ...
Every team goes through ups and downs over the course of a long NHL season. The Boston Bruins, who host ...
The Washington Capitals need to reverse course in a hurry if they wish to punch their ticket to the playoffs ...
Shai Gilgeous-Alexander scored 31 points against his former team and Jalen Williams added 20 as the Oklahoma City Thunder continued ...
On a night he was honored for passing one NHL legend, Washington's Alex Ovechkin made history by eclipsing another. However, ...
Jayson Tatum had 36 points, sidekick Jaylen Brown went for 27 and the Boston Celtics completed a successful late-season trip ...