Buyers warm to Asian stocks, major indices advance across the board

Lola Evans
20 Jan 2022, 15:45 GMT+10

Stocks in Asia were on the boil on Thursday with the major indices across the region recording solid gains.
Strong employment data in Australia boosted the ASX and the Australian dollar.
The Australian All Ordinaries rose 16.80 points or 0.22 percent to close Thursday at 7,673.40.

SYDNEY, NSW, Australia - Stocks in Asia were on the boil on Thursday with the major indices across the region recording solid gains.

Strong employment data in Australia boosted the ASX and the Australian dollar. Australia's unemployment rate fell sharply last month to 4.2 percent.

The Australian All Ordinaries rose 16.80 points or 0.22 percent to close Thursday at 7,673.40. The Aussie dollar was fetching 0.7235 around the Sydney close.

The main action though was in Hong Kong, where the Hang Seng soared 824.50 points or 3.42 percent to 24,952.35.

China's Shanghai Composite spent most of the day in the black but fell flat at the close. The key index slipped 3.12 points or 0.09 percent to close Thursday at 3,555.06.

The euro was little changed at 1.1346 during the Asian trading zone on Thursday. The British pound was a fraction stronger at 1.2621. The Japanese yen was a tad weaker at 114.48. The Swiss franc was unchanged at 0.9152.

The Canadian dollar firmed slightly to 1.2497. The New Zealand dollar was weaker at 0.6757.

Overnight on Wall Street, the Dow Jones Industrial Average shed 339.82 points, or 0.96 percent, to 35,028.65.

The Standard and Poor's 500 dropped 44.35 points, or 0.97 percent, to 4,532.76.

The Nasdaq Composite declined 166.64 points, or 1.15 percent, to 14,340.26.

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 Business Sun.

More Information

33 ℃

Mostly Cloudy in Seletar

Financial Markets

Section

UK to OK Shell's North Sea gas project to provide 6.5% of nation's gas

LONDON, England: UK officials are expected to approve a request by Shell Oil to develop a North Sea gas field, ...

Nasdaq Composite leads U.S. stocks in rally, index adds more than 3%

NEW YORK, New York - U.S. stocks raced ahead on Friday, with technology shares leading the way on signs inflation ...

Asian stock markets join global rally, Japan's Nikkei 225 gains 177 points

SYDNEY, NSW, Australia - Stocks in Asia were stronger across the board on Friday, following a two-day surge on Wall ...

Turkish lira falls to 15.65 against U.S. dollar

ANKARA, Turkey: The Turkish lira dropped 1 percent in value for an eighth consecutive session to beyond 15.65 against the ...

Tesla says will assemble 2,600 cars per day in Shanghai

SHANGHAI, China: Tesla plans to restore production at its Gigafactory 3 plant in Shanghai to pre-COVID-19 lockdown levels by this ...

U.S. stock markets move further ahead, S&P 500 gains nearly two percent

NEW YORK, New York - U.S. stocks rose sharply for a second day Thursday, following a less hawkish outlook by ...

Technology

Section

WhiteHat Jr and EnduroSat partner to enable kids to "Code a Satellite"; launched Ayana Satellite to encourage space exploration

New Delhi [India] May 27 (ANI/NewsVoir): In its effort to introduce new learning experiences and innovation, WhiteHat Jr will be ...

Movie Review

The Day the Earth Caught Fire

Day the Earth Caught Fire