Sat, 04 Dec 2021

Asian stocks drift lower, U.S. dollar little changed

Lola Evans
27 Oct 2021, 16:45 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia faced headwinds on Wednesday, however damage was kept to a minimum.

In Australia, the All Ordinaries dipped 1.30 points or 0.02 percent to 7,758.00.

Tokyo's Nikkei 225 edged down 7.77 points or 0.03 percent to 29,098.24.

The Hang Seng in Hong Kong did worst, falling 409.53 points or 1.57 percent to 25,628.74.

China's ShanghaiComposite was off 35.33 points or 0.98 percent at 3,562.31.

The U.S. dollar was little changed. The euro was fetching 1.1599 around the Sydney close Wednesday. The Japanese yen was weaker at 114.08. The Swiss franc eased to 0.9197. The British pound was little changed at 1.3761.

The Canadian dollar inched down to 1.2389. The Australian dollar edged higher to 0.7516. The New Zealand dollar was a tad weaker at 0.7160.

Overnight on Wall Street, the Standard and Poor's 500 was ahead 8.31 points or 0.18 percent at 4,574.79, a new record high.

The Dow Jones climbed 15.73 points or 0.04 percent, to close Tuesday at 35,756.88.

The Nasdaq Composite advanced 9.01 points or 0.06 percent to 15,235.71.

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