Wed, 15 Jul 2020

Hang Seng and Nikkei 225 make each gain 1.19%

Lola Evans
02 Jun 2020, 18:50 GMT+10

TOKYO, Japan - Tokyo and Hong Kong stocks closed higher Tuesday on continued hopes for global economies to recover, as many countries have eased coronavirus-linked restrictions and allowed business activities to increase, Xinhua reported.

The 225-issue Nikkei Stock Average gained 263.22 points, or 1.19%, from Monday to close the day at 22,325.61.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 18.93 points, or 1.21%, to finish at 1,587.68.

Security house, real estate and machinery-oriented issues comprised those that gained the most by the close of play.

In Hong Kong, the Hang Seng advanced 1.19%, adding 263.22 points to 22,325.61.

The Australian All Ordinaries rose 21.70 points or 0.37% to 5,960.10.

China's Shanghai Composite gained 5.97 points or 020% 2,921.40.

On Wall Street overnight, the Dow Jones Industrial Average was ahead 91.91 points, or 0.36%, at 25,475.02.

The Standard and Poor's 500 rose 11.42 points, or 0.38%, to 3,055.73.

The Nasdaq Composite did best, advancing 62.18 points, or 0.66%, to 9,552.05.

The sell-off in the U.S. dollar continued in Asia on Tuesday. Around the Sydney close the euro had risen to 1.1163. The British pound climbed to 1.2529. The Swiss franc was stronger at 0.9599. The Japanese yen was unchanged at 107.72.

The commodity currencies again rose strongly. The Canadian dollar had 1.3512 by the Sydney close Tuesday. The Australian dollar rallied to 0.6828. The New Zealand dollar climbed to 0.6287.

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