Stocks in Asia finish mainly lower despite overnight surge on Wall Street

Lola Evans
26 May 2022, 17:25 GMT+10

Shares across Asia fell on Thursday, with the exception of the Chinese mainland market where modest rises were registered.
The U.S. dollar lost ground against most currencies but crept higher against the commodity bloc.
In Japan, the Nikkei 225 lost 72.96 points or 0.27 percent to 26,604.84.

SYDNEY, NSW, Australia - Shares across Asia fell on Thursday, with the exception of the Chinese mainland market where modest rises were registered.

The U.S. dollar lost ground against most currencies but crept higher against the commodity bloc.

In Japan, the Nikkei 225 lost 72.96 points or 0.27 percent to 26,604.84.

The Australian All Ordinaries retreated 52.40 points or 0.71 percent to 7,339.30.

In New Zealand, the S&P/NZX 50 fell 70.53 points or 0.63 percent to 11,102.84.

The Kospi Composite in Seoul, South Korea, edged down 4.77 points or 0.18 percent to 2,612.45.

China's Shanghai Composite, going against the trend, strengthened by 11.58 points or 0.37 percent to 3,119.04.

The Hang Seng in Hong Kong lost 55.07 points or 0.27 percent to close Thursday at 20,116.20.

The euro bounced back Thursday in the Asian trading zone. The EU unit was changing hands at 1.0685 around the Sydney close.

The British pound was in demand at 1.2576. The Japanese yen rose to 126.81. The Swiss franc firmed to 0.9608.

The Canadian dollar drifted down slightly to 1.2821. The Australian dollar was neglected to 0.7085. The New Zealand dollar slipped to 0.6469.

Overnight on Wall Street, the Nasdaq Composite rose 170.29 points or 1.51 percent to 11,434.74.

The Dow Jones industrials advanced 191.66 points or 0.60 percent to 32,120.28.

The Standard and Poor's 500 added 37.25 points or 0.95 percent to 3,978.73.

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 India Gazette.

More Information

35 ℃

Fair in New Delhi/Sadfarjung

Business

Section

Wall Street wobbles, all major indices slide, Dow drops 62 points

NEW YORK, New York - The euphoria on Wall Street of late last week was absent on Monday as all ...

May sees 10.7% surge in US home sales

WASHINGTON D.C.: In May, sales of new U.S. single-family homes unexpectedly increased, but this is expected to be temporary, as ...

Pay dispute forces British Airways' staff to OK strike vote

LONDON, England: British Airways' staff at London's Heathrow airport has voted to strike due to pay disputes. Amidst an already ...

Stocks in Asia on the rise, Nikkei 225 jumps 379 points

SYDNEY, NSW, Australia - Stocks across Asia rose on Monday, in a positive start to the week.The U.S. dollar was ...

Toyota reduces July global production goal by 50,000 vehicles

TOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...

One-third of car sales might be electric by 2028, says analysts

NEW YORK CITY, New York: Electric vehicle (EV) sales could reach 33 percent globally by 2028, and 54 percent by ...

Delhi

Section