Australian and Japanese stocks advance, dollar remains under pressure

Wed, 27 Jan 2021

Australian and Japanese stocks advance, dollar remains under pressure

Lola Evans
13 Jan 2021, 17:01 GMT+10

The U.S. dollar remained under pressure during the Asian trading zone Wednesday.
In Japan, the Nikkei 225 jumped 292.25 points or 1.04 percent to 28,456.59.
The Australian All Ords advanced 14.80 points or 0.21 percent to 6,953.90.

SYDNEY, NSW, Australia - Stocks in China and Hong Kong sank on Wednesday, while in Japan and Australia the major indices closed higher.

The Australian All Ords advanced 14.80 points or 0.21 percent to 6,953.90.

In Japan, the Nikkei 225 jumped 292.25 points or 1.04 percent to 28,456.59.

In Hong Kong, the Hang Seng shed 41.15 points or 0.15 percent to 28,255.60.

China's Shanghai Composite fell 9.69 points or 0.27 percent to 3,598.65.

The U.S. dollar remained under pressure during the Asian trading zone. The euro traded at 1.2214 late in Sydney trading Wednesday.

The British pound was solid at 1.3673. The Japanese yen was in demand at 103.69. The Swiss franc firmed to 0.8858.

The Canadian dollar was higher at 1.2718. The Australian and New Zealand dollars both retreated a few points to 0.7766 and 0.7223 respectively.

Overnight on Wall Street, the Dow Jones industrials advanced 60.00 points or 0.19 percent to 31,068.69.

The Standard and Poor's 500 added 1.58 points or 0.04 percent to 3,801.19.

The Nasdaq Composite climbed 31.00 points or 0.28 percent to 13,072.43.

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