Wed, 18 Sep 2019

Across-the-board rally in Asia for shares

Lola Evans
12 Sep 2019, 18:08 GMT+10

SYDNEY, Australia - Stocks were higher in Asia on Thursday, following on from gains on Wall Street and European markets overnight.

The euro was weaker ahead of a ECB decision on rates which could see official interest rates lowered by 10 basis points, which is the expectation.

At the close in Tokyo on Thursday, the Nikkei 225 was ahead 161.85 points or 0.75% at 21,759.61.

The Shanghai Composite rose 22.42 points or 0.75% to 3,031.24.

The Australian All Ordinaries advanced 13.50 points or 0.20% to 6,756.70.

The euro was listless at 1.1014. The British pound too remained in the doldrums at 1.2322. The Japanese yen weakened a tad to 107.90. The Swiss franc too was easier at 0.9917.

The Canadian dollar eased slightly to 1.3184. The Australian and New Zealand dollar made appreciable gains to 0.6884 and 0.6441 respectively.

Overnight on Wall Street, the Dow Jones industrials rose 227.61 points or 0.85% to 27,137.04.

The Standard and Poor's 500 added 21.54 points or 0.72% to 3,000.93.

The Nasdaq Composite climbed 85.52 points or 1.06% to 8,169.68.

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