Sun, 17 Oct 2021

Many Asian markets remain closed as Japan's bourse sinks

Lola Evans
21 Sep 2021, 17:18 GMT+10

SYDNEY, NSW, Australia - Asian markets side-stepped the global turmoil on Tuesday as bourses in mainland China, South Korea, and Taiwan remain shut for national holidays.

The main action was in Japan which re-opened after a national holiday on Monday. The Nikkei 225 dived 660.34 points or 2.17 percent to close at 29,839.71.

The Australian All Ordinaries gained 25.20 points or 0.33 percent to 7,563.10.

In Hong Kong, the Hang Seng firmed 122.40 points or 0.61 percent to 24,221.54. The benchmark index lost more than 800 points a day earlier, on the back of concerns about the financial health of China's biggest property developer China Evergrande.

The U.S. dollar was little changed during Asian trading Tuesday. The euro dipped slightly to 1.1726. The British pound was unchanged at 1.3669. The Japanese yen traded in a tight range at 109.61. The Swiss franc was unmoved at 0.9276.

The Canadian dollar inched up to 1.2761. The Australian dollar was little changed at 0.7267. The New Zealand dollar slipped to 0.7026.

Overnight on Wall Street, the Nasdaq Com opposite lost 330.06 points or 2.19 percent, to finish at 14,713.90, according to a Business Sun report.

The Dow Jones industrials unloaded 614.41 points or 1.78 percent to 33,970.47.

The Standard and Poor's 500 slumped 75.26 points or 1.70 percent to 4,357.73.

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