Hang Seng index shoots higher, dollar jumps

Lola Evans
18 Jun 2019, 20:16 GMT+10

The benchmark Hong Kong index was sharply higher, having gained 271.61 points or 1.00% to 27,498.77.
The Australian All Ordinaries continued higher on speculation of forthcoming interest rate cuts
The euro wilted to 1.1184 by the close in Hong Kong Tuesday, while the British pound fell to 1.2523

HONG KONG - Stocks in Asia were mixed on Tuesday with the Hiong Kong Hang Seng starring, while in Tokyo and Shanghai sellers were in command.

The U.S. dollar continued its journey higher, pushing the euro below the 1.1200 handle and pressuring further the British pound and Aussie dollar.

At the close on Tuesday the benchmark Hong Kong index was sharply higher, having gained 271.61 points or 1.00% to 27,498.77.

In Tokyo, the Nikkei 225 declined 151.29 points or 0.72% to 20,972.77.

The Australian All Ordinaries continued higher on speculation of forthcoming interest rate cuts. The key All Ordinaries index gained 38.50 points or 0.58% to 6,647.90.

The Shanghai Composite meantime shed 20.58 points or 0.71% to 2,890.16.

The euro wilted to 1.1184 by the close in Hong Kong Tuesday.

The British pound fell to 1.2523.

The Swiss franc eased to 1.0036. The Canadian dollar edged down to 1.3425.

The Australian dollar fell to 0.6842. The New Zealand dollar inched up from its New York close to finish the day in Asia around 0.6511.

Overnight on Wall Street, the Dow Jones Industrial Average finished aheadhttps://www.bignewsnetwork.com/news/261444257/uncertainty-over-fed-move-keeps-us-stocks-at-bay 22.92 points, or 0.09%, at 26,112.53.

The Standard and Poor's 500 added 2.69 points, or 0.09%, to 2,889.67.

The Nasdaq Composite advanced 48.37 points, or 0.62%, to 7,845.02.

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