Stocks fall, dollar gains in quiet day on Asian markets

Lola Evans
16 Jul 2019, 18:09 GMT+10

In Tokyo, the Nikkei 225 plummeted 150.65 points or 0.69% to 21,535.25
The Australian All Ordinaries fell 10.40 points or 0.15% to 6,735.80
China's Shanghai Composite dropped 4.57 points or 0.16% to 2,937.62

SYDNEY, Australia - Stocks skidded in Asia on Tuesday with falsl recorded across the board.

The U.S. dollar continued to gain ground, pushing the eureo below 1.1§250, and the pound below 1.2500.

In Tokyo, the Nikkei 225 plummeted 150.65 points or 0.69% to 21,535.25.

China's Shanghai Composite dropped 4.57 points or 0.16% to 2,937.62.

The Australian All Ordinaries fell 10.40 points or 0.15% to 6,735.80.

On foreign exchange markets, the major currencies lost ground as the U.S. dollar continued to flex its muscles, this despite rhetoric from U.S. Preswident Donald Trump that he is preparing a major move to devalue the currency.

Around the Sydney close on Tuesday the euro had drifted down to 1.1247. The British pound was sharply lower at 1.2471.

The Japanese yen slipped to 108.06. The Swiss franc weakened to 0.9842.

The Canadian dollar slid to 1.3063. The Australian and New Zealand dollars were slightly softer at 0.7028 and 0.6725 respectively.

Overnight on Wall Street, the Dow Jones industrials were up 27.13 points or 0.10% at 27,359.16.

The Standard and Poor's 500 gained just 0.53 of a point or 0.02% to 3,014.30, weighed down by a slide in banking stocks.

The tech-laden Nasdaq rose 14.04 points or 0.17% to 8,258.19.

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 St Louis Star.

More Information

International

Section

Afghanistan War claims lives of two more U.S. troops

KABUL, Afghanistan - Two U.S. soldiers have been killed in action in Afghanistan.Their deaths, confirmed by a statement from NATO, ...

Filipino students need to know about Holocaust, says Israel

PASIG CITY, Philippines - Israeli has formally requested the story of the Holocaust be added to the education curriculum in ...

Cardinal George Pell case far from over

MELBOURNE, Australia - While Cardinal George Pell's appeal has been denied, the case that has divided Australia is far from ...

Countries failing to honour funding pledges causing chaos in Yemen

SANA'A, Yemen - The United Nations is being forced to shut down a number of humanitarian programmes in Yemen. The ...

Pell case likely to end up in Australian High Court

MELBOURNE, Victoria, Australia - Victoria's Court of Appeal on Wednesday delivered one of the most significant judgments in Australian legal ...

Bus hijacking in Brazil ends, hijacker dead, hostages freed

RIO DE JANEIRO, Brazil - A hostage situation in Rio de Janeiro involving a bus and thirty seven hostages has ...

Business

Section