Wed, 03 Jun 2020

Stocks in the Asia on the skids as more gloom looms

By Jay Jackson, Mexico City News.Net
10 Dec 2018, 18:30 GMT+10

SYDNEY, Australia - Sellers continued to pound stocks in Asia on Monday.

In Tokyo, Japanese stocks dived after third-quarter GDP figures were released on Monday showing the country's gross domestic product fell by 0.6% in the quarter, and was down 2.50% for the year. Capital expenditures were at their weakest levels since the global financial crisis.

At the close of trading Monday, the Nikkei 225 was down 459.18 points or 2.12% at 21,219.50.

The Shanghai Composite was down 21.31 points or 0.82% at 2,584.58.

The Australian All Ordinaries dropped 130.40 points or 2.26% to close on Monay at 5,627.50.

In Hong Kong, the  Hang Seng was down 311.37 points or 1.19% to 25,752.30.

In foreign exchange markets the U.S. dollar drifted lower. The euro edged up to 1.1426, while the British pound weakened to 1.2729.

The Japanese yen was little changed at 112.66, while the Swiss franc firmed to 0.9885.

The Canadian dollar was seeing little demand, changing hands at 1.3308.

The Australian and New Zealand dollars inched up to 0.7222 and 0.6886 respectively in late trading in Hong Kong on Monday.

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