Wed, 23 Oct 2019

Investors in Asia sit on sidelines, stocks mixed

Lola Evans
09 Oct 2019, 17:42 GMT+10

SYDNEY, Australia - It was a mixed bag for stocks in the Asian region on Wednesday.

In Japan the Nikkei 225 fell 131.40 points or 0.61% to 21,456.38.

China's Shanghai Composite conversely rose 11.29 points or 0.39% to 2,924.66.

The Australian All Ordinaries shed 46.70 points or 0.70% to 6,667.00.

The euro rebounded as relations between China and the U.S. soured. The European Union currency was trading at 1.0980 around the Sydney close on Wednesday.

The British pound edged higher to 1.2234.

The Japanese yen was a fraction higher at 107.16. The Swiss franc firmed to 0.9917.

The Canadian dollar was a tad higher at 1.3305. The Australian and New Zealand dollars gained to 0.6744 and 0.6316 respectively.

On U.S. markets overnight, the Dow Jones Industrial Average was down 313.98 points, or 1.19%, to 26,164.04.

The Standard and Poor's 500 fell 45.73 points, or 1.56%, to 2,893.06.

The Nasdaq Composite plummeted 132.52 points, or 1.67%, to 7,823.78.

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