Sat, 04 Dec 2021

Stocks in Asia have mixed day, dollar slides

Lola Evans
25 Oct 2021, 17:10 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia were mixed on Monday. Shares in China Evergrande advanced on news the company was considering concentrating on its electric vehicle manufacturing unit as opposed to its property interests.

Japanese yields rose despite a softening in U.S. Treasury interest rates.

Tokyo's Nikkei 225 dived 204.44 points or 0.71 percent to 28,600.41.

In Australia, the All Ordinaries added 31.20 points or 0.40 percent to 7,158.00.

The Hang Seng in Hong Kong inched up 5.10 points or 0.02 percent to 26,132.03.

China's Shanghai Composite rose 27.26 points or 0.76 percent t to 3,609.86.

The U.S. dollar was softer during the Asian trading zone on Monday. The euro nudged up to 1.1658 by the Sydney close. The British pound firmed to 1.3774. The Japanese yen was a fraction stronger at 113.52. The Swiss franc was little changed but well bid at 0.9155.

The Canadian dollar edged up to 1.2349. The Australian dollar was in demand at 0.7486. The New Zealand dollar was a tad stronger at 0.7167.

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