British pound falls on Brexit deal skepticism, Asian stocks mixed

Lola Evans
16 Oct 2019, 18:03 GMT+10

Shares in Japan were trending higher again Wednesday, following on from a more than 400-points rise on Tuesday.
Australian share markets also rose solidly, however in China stocks were retreating.
Sterling came off its highs during the Asian session as market watchers began getting cold feet on the optimism of recent days pointing to a Brexit deal being done.

SYDNEY, Australia - Shares in Japan were trending higher again Wednesday, following on from a more than 400-points rise on Tuesday.

Australian share markets also rose solidly, however in China stocks were retreating.

Sterling came off its highs during the Asian session as market watchers began getting cold feet on the optimism of recent days pointing to a Brexit deal being done.

At the close of trading Wednesday, the Nikkei 225 in Japan was ahead a further 265.71 points or 1.20% to 22,472.92.

The Australian All Ordinaries jumped 79.90 points or 1.18% to 6,843.20.

China's Shanghai Composite was down 12.33 points or 0.41% at 2,978.71.

The euro was unchanged at 1.1036 around the Sydney close Wednesday. The British pound fell to 1.2702. The Swiss franc was soft at 0.9971.

The Canadian dollar was slightly weaker at 1.3218. The Australian dollar fell to 0.6736. The New Zealand dollar was weaker at 0.6277.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 237.44 points, or 0.89%, at 27,024.8.

The Standard and Poor's 500 rose 29.53 points, or 1.00%, to 2,995.68.

The Nasdaq Composite advanced 100.06 points, or 1.24%, to 8,148.71.

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