Tue, 16 Aug 2022

Asian stocks record decent gains as confidence returns

Lola Evans
04 Aug 2022, 17:59 GMT+10

SYDNEY, NSW, Australia - It was all smiles on Asian stock markets Thursday as all the major indices recorded rises.

In Japan, the Nikkei 225 advanced 190.30 points or 0.69 percent to 27,932.20.

China's Shanghai Composite rose 25.37 points or 0.80 percent to 3,189.04.

The Australian All Ordinaries edged up 4.60 points or 0.06 percent to 7,207.50.

In New Zealand, the S&P/NZX 50 climbed 30.47 points or 0.26 percent to 11,735.47.

South Korea's Kospi Composite gained 11.66 points or 0.47 percent to 2,473.11.

Hong Kong's Hang Seng did best, jumping 406.94 points or 2.06 percent to 20,174.04.

The U.S. dollar was mixed on Thursday. The euro perked up to 1.0175 by the Sydney close. The British pound inched down to 1.2168. The Japanese yen weakened to 134.18. The Swiss franc was a tad lower at 0.9615.

The Canadian dollar was comatose at 1.2847. The Australian dollar was choppy at 0.6966. The New Zealand dollar strengthened marginally to 0.6299.

Overnight on Wall Street, the Nasdaq Composite zoomed up 319.40 points, or 2.59 percent, to 12,668.16.

The Dow Jones industrials garnered 416.33 points, or 1.29 percent, to 32,812.50.

The Standard and Poor's 500 gained 63.97 points, or 1.56 percent, to 4,155.16.

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