Sat, 16 Jan 2021

Rebound in U.S. dollar sinks Asian stock markets

Lola Evans
11 Jan 2021, 16:53 GMT+10

SYDNEY, NSW, Australia - Stocks in Asia fell on Monday, while the U.S. dollar rebounded sharply.

At the close of trading, the Australian All Ordinaries was down 64.70 points or 0.92 percent at 6,959.50.

China's Shanghai Composite dived 38.61 points or 1.08 percent to 3,531.50.

In Hong Kong, the Hang Seng went against the trend, adding 30.00 points or 0.11 percent to 27,908.22.

Japanese markets were closed for a public holiday Monday.

The U.S. dollar jumped, pushing the euro below 1.2200 to 1.2184 in late trading in Sydney.

The British pound fell to 1.3507. The Japanese yen was sharply weaker at 104.14. The Swiss franc dipped to 0.8878.

The Canadian dollar was only marginally down, at 1.2753. The Australian dollar slipped to 0.7703. The New Zealand dollar fell to 0.7191.

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