U.S. dollar surges in Asia, stocks also higher

Tue, 20 Aug 2019

U.S. dollar surges in Asia, stocks also higher

Lola Evans
23 Jul 2019, 18:06 GMT+10

In Tokyo, the Nikkei 225 advanced 204.09 points or 0.95% to 21,620.88
The Shanghai Composite rose 12.97 points or 0.45% to 2,899.94
The Australian All Ordinaries added 31.30 points or 0.46% to 6,812.50

SYDNEY, Australia - Stocks in Asia surged on Tuesday, while the U.S. dollar also forged ahead.

The euro fell sharply, relinquishing the 1.1200 handle.

In Tokyo, the Nikkei 225 advanced 204.09 points or 0.95% to 21,620.88.

The Shanghai Composite rose 12.97 points or 0.45% to 2,899.94.

The Australian All Ordinaries added 31.30 points or 0.46% to 6,812.50.

The euro fell to 1.1192. The British pound dived to 1.2437. The Japanese yen eased to 108.12 The Swiss franc slid to 0.9838.

The Canadian dollar was little changed at 1.3132. The Australian dollar crumbled to 0.7022, while the New Zealand dollar also dropped sharply, to 0.6734.

On Wall Street overnight, the Dow Jones industrials were up 17.70 points or 0.07% at 27,171.90.

The tech-laden Nasdaq Composite jumped 57.65 points or 0.71% to 8,204.14.

The Standard and Poor's 500 rose 8.42 points or 0.18% to 2,985.03.

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