Stocks trade strongly in Asia, except in Hong Kong

Lola Evans
12 Aug 2019, 18:43 GMT+10

The Shanghai Composite jumped 40.24 points or 1.45% to 2,814.99
The Nikkei 225 in Japan rose 91.52 points or 0.44% to 20,684.82
Only the Hong Kong Hang Seng spoiled the party. It fell 114.58 points or 0.44% to 25,824.72.

SYDNEY, Australia - Stocks in Asia kicked off the week with gains across the major bourses on Monday.

China's Shanghai Composite was a stand-out performer despite continuing trade frictions with the U.S.

On Monday China allowed the yuan to trade lower.

The Nikkei 225 in Japan rose 91.52 points or 0.44% to 20,684.82.

The Shanghai Composite jumped 40.24 points or 1.45% to 2,814.99.

Only the Hong Kong Hang Seng spoiled the party. It fell 114.58 points or 0.44% to 25,824.72.

The Australian All Ords added 6.70 points or 0.10% to 6,670.10.

On foreign exchange markets the euro, and the British pound fell sharply.

In late trade in Sydney on Monday the euro was changing hands at 1.1165. The pound fell to 1.2059.

The Japanese yen was in demand, last trading at 105.27.

The Swiss franc was a fraction higher at 0.9744.

The Canadian dollar inched up to 1.3242. The Australian dollar fell to 0.6766, while the New Zealand dollar slid to 0.6453.

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 Dutch Sun.

More Information

6 ℃

Light Rain Shower in Amsterdam

International

Section

Mounting alarm over treatment of protesters in Iran

GENEVA, Switzerland - In the wake of recent protests in Iran, the top United Nations human rights official expressed alarm ...

Scores perish in factory blaze in Indian capital

DELHI, India - Dozens of people have died in a fire in a large factory in Delhi.Fire engines streamed through ...

UK and U.S. officials charge two Russian nationals after hacking spree

WASHINGTON, DC - The U.S. Department of Justice last week joined with the U.S. Department of State and the United ...

A Critique of Ferguson and Maxwell

I have already written a short critique of the majority ruling, and here I wish to expand some of its ...

Second shooting at U.S. Navy base this week leaves four dead

WASHINGTON, DC - U.S. investigators are trying to determine what caused a Saudi air force pilot in the United States ...

China to restrict U.S. diplomats

TEHRAN (Tasnim) - China Friday said it had taken 'reciprocal' measures against US diplomats in the country, who will have ...

Europe

Section