ASX slides more than two percent as Asian shares generally dive

Lola Evans
21 Jan 2022, 20:29 GMT+10

Stocks in Asia fell almost across-the-board on Friday, with the biggest loser the ASX.
The Australian All Ordinaries tumbled 178.00 points or 2.33 percent to 7,490.10.
In Japan, the Nikkei 225 closed down 250.67 points or 0.90 percent at 27,522.26.

SYDNEY, NSW, Australia - Stocks in Asia fell almost across-the-board on Friday, with the biggest loser the ASX.

The Australian All Ordinaries tumbled 178.00 points or 2.33 percent to 7,490.10.

In Japan, the Nikkei 225 closed down 250.67 points or 0.90 percent at 27,522.26.

China's Shanghai Composite shed 32.50 points or 0.91 percent to 3,522.57.

In a surprise move the Hang Seng in Hong Kong recovered from earlier losses in very late trading. In the end it managed a 13.20 points or 0.05 percent gain to 24,965.55.

The U.S. dollar had a mixed day in Asia on Friday. The euro slipped to 1.1336 around then Sydney close. The Japanese yen was stronger at 113.94. The Swiss franc also gained, trading at around 0.9125. The British pound however was sold off, and was fetching 1.3566 at the finish.

The Canadian dollar dipped to 1.2516. The Australian dollar dropped a third-of-a-cent to 0.7195. The New Zealand dollar weakened sharply to 0.6719.

Overnight on Wall Street, the Dow Jones Industrial Average dived 313.26 points, or 0.89 percent, to 34,715.39.

The S&P 500 fell 50.03 points, or 1.10 percent, to 4,482.73.

The Nasdaq Composite Index slid 186.23 points, or 1.30 percent, to 14,154.02.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Salt Lake City Sun.

More Information

47 ℉

Fair in Salt Lake City

Business

Section

Court rules unconstitutional California law requiring women on boards

SACRAMENTO, California: In another blow to the state's push to diversify corporate leadership, a California court judge has ruled that ...

Nepal confirms African swine fever outbreak

KATHMANDU, Nepal - According to the World Organization for Animal Health (OIE), Nepal has reported its first cases of African ...

U.S. stocks turmoil evaporates in final hour of trading, major indices unscathed

NEW YORK, New York - U.S. stock markets reversed sharp losses in late trading to eke out minor gains in ...

April sees rise in US auto sales, restaurant spending

WASHINGTON D.C.: U.S. retail sales rose strongly in April, as consumers bought more motor vehicles and spent more at restaurants, ...

As salaries rise 7%, UK unemployment falls to historic low

LONDON, England: The UK's jobless rate fell to a 48-year low in the first three months of 2022, it was ...

Asian stock markets on rise after China's central bank move

SYDNEY, NSW, Australia - A reduction of the official lending criteria in China has boosted stocks on the mainland, and ...

United States

Section