Asian stock markets subdued, Nikkei 225 makes modest gain

SYDNEY, Australia – There was little follow-through in Asia on Friday of the euphoria which gripped Wall Street overnight, sending the major indices into record territory.

Only the Japanese market managed a gain, and it was modest.

At the close of trading Friday, the Nikkei 225 was ahead 61.55 points or 0.26% at 23,391.87.

The Australian All Ordinaries fell 3.70 points or 0.05% to 6,833.20.

In China, the Shanghai Composite declined 14.53 points or 0.49% to 2,964.18.

The U.S. dollar continued to firm, although it was battling against the euro on Friday in the Asian session.

The euro finished the day in Sydney a few points higher from its New York close at 1.1052. The British pound however retreated to 1.2808.

The Japanese yen was lower at 109.28 while the Swiss franc was little changed at 0.9946.

The Canadian dollar fell to 1.3189. The Australian dollar dropped to 0.6883, while the New Zealand dollar eased to 0.6368.

Overnight on Wall Street, the Dow Jones industrials closed 201.94 points or 0.73% higher at 27,694.50.

The Nasdaq Composite climbed 31.83 points or 0.73% to 27,694.50.

The Standard and Poors 500 added 10.04 points or 0.33% to 3,086.82.

Published at Fri, 08 Nov 2019 07:09:45 +0000

Source: Asian stock markets subdued, Nikkei 225 makes modest gain.

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