Mon, 26 Aug 2019

Most Asian markets climb, Hang Seng an exception

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

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.

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