Australian stock markets dive

SYDNEY, Australia – Australian stock markets shattered on Thursday, extending losses on Wall Street and European exchanges overnight.

Japanese stocks fell, however in China there were small advances registered.

The biggest carnage was on the Australian All Ordinaries which fell 186.70 points or 2.80% to 6,490.80.

The Nikkei 225 in Japan gave up 249.48 points or 1.21% to 20,405.65.

In China, the Shanghai Composite gained 6.88 points or 0.25% to 2,815.80.

On foreign exchange markets the euro remained weak at 1.1150.

The British pound was a fraction stronger at 1.2078.

The Japanese yen edged back to 106.22, while the Swiss franc retreated to 0.9749.

The Canadian dollar weakened to 1.3294. The Australian dollar strengthened a touch to 0.6778.

The New Zealand dollar was unchanged at 0.6443.

On Wall Street overnight stocks plunged. The Dow Jones Industrial Average closed down 800.49 points, or 3.05%, at 25,479.42.

The Standard and Poor’s 500 plummeted 85.72 points, or 2.93%, to 2,840.60.

The Nasdaq Composite shed 242.42 points, or 3.02%, to 7,773.94.

Published at Thu, 15 Aug 2019 08:37:57 +0000

Source: Australian stock markets dive.

Categories: Business

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