Asian stocks trade sideways, U.S. dollar also mixed

Lola Evans
03 Aug 2022, 17:51 GMT+10

Stocks in Asia were mixed on Wednesday as investors continued to struggle for direction.
In Japan, the Nikkei 225 gained 147.17 points or 0.53 percent to 27,741.90.
China's Shanghai Composite fell 22.59 points or 0.71 percent to 3,163.67.

SYDNEY, NSW, Australia - Stocks in Asia were mixed on Wednesday as investors continued to struggle for direction.

China's Shanghai Composite fell 22.59 points or 0.71 percent to 3,163.67 as Nancy Pelosi visited Taiwan, heightening geopolitical tensions.

"In the longer term, there will be more frictions between the U.S. and China," Redmond Wong, Greater China market strategist at Saxo Markets in Hong Kong told Reuters news agency Wednesday. "We have already been seeing selling from overseas investors in Chinese equities."

In Japan, the Nikkei 225 gained 147.17 points or 0.53 percent to 27,741.90.

The S&P/NZX 50 in New Zealand surged 172.57 points or 1.50 percent to 11,705.03.

The South Korean Kospi Composite added 21.83 points or 0.89 percent to 2,461.45.

In Australia, the ALL Ordinaries retreated 13.50 points or 0.19 percent to 7,202.90.

In Hong Kong the Hang Seng advanced 63.77 points or 0.40 percent to 19,767.09.

On foreign exchange markets, the euro perked up to 1.0183 by the Sydney close Wednesday. The British pound firmed to 1.2194. The Japanese yen was little changed at 133.13, as was the Swiss franc at 0.9576.

The Canadian dollar traded sideways around 1.2867. The Australian dollar remained in the doldrums at 0.6931. The New Zealand dollar was motionless at 0.6259.

Overnight on Wall Street, the Dow Jones industrials tumbled 402.23 points or 1.23 percent to 32,396.17.

The Nasdaq Composite dipped 20.32 points or 0.16 percent to 12,348.76.

The Standard and Poor's 500 fell 27.44 points or 0.67 percent to 4,091.19.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Madagascar Sun.

More Information

13 ℃

Mostly Cloudy in Antananarivo/Ivato

Africa

Section

UK's Horniman Museum to return 72 artifacts to Nigeria

LONDON, England: Following a request by Nigeria's National Commission for Museums and Monuments, the Horniman Museum in London has agreed ...

President of Ghana receives UAE Charge d'Affairs

ACCRA, 11th August, 2022 (WAM) -- Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana, received Amer Al Alawi, ...

Greece: Dozens Still Missing After Migrant Boat Sinks

ATHENS - Greek authorities say a search and rescue operation is ongoing for a second day for dozens of migrants ...

Liam Livingstone, Rashid Khan among five players signed by MI Cape Town ahead of inaugural South Africa T20 League

Mumbai (Maharashtra) [India]/Cape Town [South Africa], August 11 (ANI): MI Cape Town, today announced the signing of 5 players ahead ...

Mahela Jayawardene chooses Babar Azam as one to dethrone Joe Root from top spot in Test rankings

Dubai [UAE], August 11 (ANI): Sri Lankan batting legend Mahela Jayawardene opines that star Pakistan batter Babar Azam can dethrone ...

Blinken in Rwanda to Discuss Congo Tensions, Human Rights

KIGALI, RWANDA - U.S. Secretary of State Antony Blinken is in Rwanda, the last stop on his three-nation tour of ...

International

Section