Sun, 28 Nov 2021

Markets in Asia calm, Japanese yen tumbles below 115

Lola Evans
23 Nov 2021, 16:28 GMT+10

SYDNEY, NSW, Australia - Stocks were mostly higher in Asia on Tuesday, despite the sudden and aggressive fall in U.S. stocks overnight.

The Nasdaq and Standard and Poor's 500 hit record highs before falling sharply.

In Australia Tuesday, the All Ordinaries advanced 53.40 points or 0.69 percent to 7,743.70.

In Tokyo, the Nikkei 225 gained 28.24 points or 0.09 percent to 29,774.11.

China's Shanghai Composite closed ahead 7.69 points or 0.21 percent to 3,590.00.

The Hang Seng in Hong Kong finished 299.76 points or 1.20 percent lower at 24,651.58.

On foreign exchange markets, the U.S. dollar held firm during the Asian trading zone Tuesday. The euro was being stretchered from the battlefield after declining to 1.1233 around the Sydney close. The British pound was unwanted at 1.3387. The Japanese yen was weak at 115.11. The Swiss franc fell to 0.9329.

The Canadian dollar slipped to 1.2713. The Australian dollar slid to 0.7216, while the New Zealand dollar dived to 0.6925.

Overnight on Wall Street, the Dow Jones, which had been up more than 200 points earlier, finished the day ahead just 17.27 points, or 0.05 percent, at 35,619.25.

The Nasdaq Composite took the bulk of the heat, tumbling 202.68 points or 1.26 percent to close Monday at 15,854.76.

The Standard and Poor's 500 slipped 15.01 points or 0.32 percent to 4,682.55.

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