Sat, 19 Sep 2020

SYDNEY, NSW Australia - Stocks traded mostly lower in Asia on Friday, although China's mainland bourses advanced.

In Tokyo, the strong yen played havoc with exporters, sending the benchmark Nikkei 225 index plummeting 629.23 points, or 2.82% to 21,710.00.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, declined 43.41 points, or 2.82% to 1,496.06.

The Australian All Ordinaries declined 119.20 points or 1.93% to 6,058.30.

China's Shanghai Composite, going against the trend, added 23.18 points or 0.71% to 3,310.01.

Rubber product, marine transportation and mining issues comprised those that declined the most by the close of play, the Xinhua news agency reported.

The U.S. dollar continued it recent bout of weakness. The euro finished the Sydney session around 1.1892 on Friday. The British pound was robust at 1.3139. The Japanese yen gained to 104/34. The Swiss franc contineud its relenteless run to 0.9066.

The Canadian dollar was a fraction stronger at 1.3409 while the Australian and New Zealand dollars consolidated above key levels of 0.72 and 0.67. They last traded at 0.7207 and 0.6703 respectively.

Overnight on Wall Street, the Dow Jones Industrial was down 225.92 points, or 0.85%, at 26,313.65.

The Standard and Poor's 500 declined 12.22 points, or 0.38%, to 3,246.22.

The Nasdaq Composite advanced added 44.87 points, or 0.43%, to 10,587.81.

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