Wed, 17 Jul 2019

Shares in Asia mixed, U.S. dollar remains well-bid

Lola Evans
14 Jun 2019, 21:16 GMT+10

SYDNEY, Australia - Stocks in Asia were mixed on Friday as geopolitical concerns began to outweigh concersn about trade and interest rates.

The U.S. dollar remained in demand, although it slipped against the Japanese yen.

At the close on Friday the Nikkei 225 was ahead 84.89 points or 0.40% at 21,116.89.

In Hong Kong, the Hang Seng fell 176.36 points or 0.65% to 27,118.35.

The Australian All Ordinaries climbed 14.50 points or 0.22% to 6,633.60.

The Shanghai Composite skidded 28.77 points or 0.99% to close down on Friday at 2,881.97.

The euro was changing hands on Friday in Sydney around the close at 1.1271.

The British pound weakened to 1.2649.

The Japanese yen strengthened to 108.18.

The Swiss franc eased a tad to 0.9954.

The Canadian dollar was slightly weaker at 1.3338.

The Australian dollar was sharply lower at 0.6898 as market pundits were predicting a fall in official interest rates as soon as next month. The current rate is 1.25%. 

The New Zealand dollar fell to 0.6535.

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