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Stocks in mainland China and Hong Kong floored on Friday

by Diplomatic Info
July 2, 2021
in Business, International
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Stocks in mainland China and Hong Kong floored on Friday
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  • Stocks in Asia were mixed on Friday.
  • The U.S. dollar continued to be bought up.
  • The Australian All Ordinaries gained 45.60 points or 0.60 percent to 7,587.10 Friday.

SYDNEY, NSW, Australia – Stocks in Asia were mixed on Friday. Shares in China and Hong Kong tumbled, while modest gains were recorded in Australia and Japan.

The U.S. dollar continued to be bought up.

The Australian All Ordinaries gained 45.60 points or 0.60 percent to 7,587.10 Friday.

In China, the Shanghai Composite shed 70.02 points or 1.95 percent to 3,518.76.

The Nikkei 225 in Tokyo advanced 76.21 points or 0.27 percent to 3,518.76.

The Hang Seng in Hong Kong was down more than 500 points in late trading.

The euro fell to 1.1825 in the Asian trading zone on Friday. The British pound dipped to 1.3756. The Japanese yen was weaker at 111.59. The Swiss franc fell to 0.9257.

The Canadian dollar inched down to 1.2441. The Australian dollar fell to 0.7458. The New Zealand dollar was sharply weaker at 0.6959.

Overnight on Wall Street, the Standard and Poor’s 500 had reached 4,319.94, after a gain of 22.44 points or 0.32 percent.

The Nasdaq rose 18.42 points or 0.13 percent to 14,522.38.

The Dow Jones climbed 131.02 points or 0.38 percent to 34,633,53.

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