Fri, 06 Aug 2021

SYDNEY, NSW, Australia - Stocks in Sydney and Tokyo racked up solid gains on Tuesday, while the markets in Shanghai and Hong Kong fell.

The ASX 200 reached a new record high during intraday trading, while the All Ordinaries added 55.80 points or 0.74 percent to close at 7,633.40.

In Japan, the Nikkei 225 rallied 279.50 points or 0.96 percent to 29,441.30.

It was a different story in China. The Shanghai Composite sank 33.19 points or 0.92 percent to 3,556.56.

In Hong Kong the Hang Seng shed 203.60 points or 0.71 percent to close at 28,638.53.

The U.S. dollar was mixed in Asia on Tuesday. The euro drifted higher to 1.2124 approaching the Sydney close. The British pound was a tad higher at 1.4114. The Japanese yen inched up to 110.06. The Swiss franc firmed to 0.8984.

The Canadian dollar edged up to 1.2133. The Australian dollar fell to 0.7708. The New Zealand dollar was easier at 0.7153.

Overnight on Wall Street, the Nasdaq Composite added 104.72 points or 0.74 percent to close at 14,175.14.

The Dow Jones index slumped 85.85 points or 0.25 percent to 34,393.75, however had been much deeper in the red earlier in the day.

The Standard and Poor's 500, trading at record levels, managed a small gain despite spending most of the day in negative territory. Bargain-hunting lifted the key index to a 7.71 points or 0.18 percent gain, to 4,255.15 at the close.

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