Mon, 28 Sep 2020

Japanese shares in demand in Asia, other indices drift

Lola Evans
13 Aug 2020, 19:07 GMT+10

SYDNEY, Australia - Stocks jumped sharply in Japan on Thursday, but drifted elsewhere.

The Nikkei 225 in Tokyo rose 405.65 points or 1.78% Thursday to 23,249.61.

In Hong Kong the market was virtually flat, retreating 13.35 points or 0.05% to 25,230.67.

China's Shanghai Composite likewise was directionless. The key index added just 1.46 points or 0.04% to 3,320.73.

The Australian dollar made only a minor gain to 0.7167. The Canadian dollar edged up to 1.3223, while the New Zealand dollar shave off a few points to 0.6570.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 289.93 points, or 1.05%, at 27,976.84.

The Standard and Poor's 500 rose 46.66 points, or 1.40%, to 3,380.35.

The Nasdaq Composite did best of all, rising 229.42 points, or 2.13%, to 11,012.24. The index was helped by an 11% jump by Tesla, which announced a stock split.

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