Lola Evans
25 Nov 2021, 16:58 GMT+10
SYDNEY, NSW, Australia - Asian stocks weathered the heightening yield regime which appears to be gaining momentum.
On Thursday South Korea's Central Bank raised official interest rates to 1 percent. This follows a move by the Reserve Bank of New Zealand a day earlier which raised rates for the second month in a row. The official cash rate in New Zealand was increased by 50 basis points to 0.75 percent.
South Korea's Kospi Composite sagged 10.58 points or 0.35 percent to close Thursday at 2,983.71.
In Japan, the Nikkei 225 climbed 196.62 points or 0.67 percent to 29,499.28.
The Australian All Ordinaries garnered 11.40 points or 0.15 percent to 7,736.90.
The Hang Seng in Hong Kong gained 54.66 points or 0.22 percent to close Thursday at 24,740.16.
China's Shanghai Composite finished down 8.52 points or 0.24 percent at 3,584.18.
The U.S. dollar gave up some of its gains from overnight, with the euro edging up to 1.1213, approaching the Sydney close, Thursday.
The British pound was a fraction higher at 1.3349. The Japanese yen inched up to 115.39. The Swiss franc firmed to 0.9336.
The Canadian was marginally higher at 1.2649. The Australian dollar gained a few points to 0.7204. The N ew Zealand dollar saw some demand, rising a quarter-cent to 0.6870.
Overnight on Wall Street, the Dow Jones closed down 9.42 points, or 0.03 percent at 35,804.38.
The Nasdaq Composite gained 70.04 points or 0.44 percent to 15,845.23.
The Standard and Poor's 500 advanced 10.76 points or 0.23 percent to 47,011.46.
Get a daily dose of Florida Statesman news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Florida Statesman.
More InformationSOLOMON ISLANDS: In a move that opponents said is aimed at controlling and censoring the media, the government of the ...
WASHINGTON D.C.: In July, a Florida man was killed by exploding Takata airbag inflators, possibly becoming the 20th death in ...
Israel has launched an unprovoked war against the Palestinian resistance group Islamic Jihad. The Israeli army assassinated a high-ranking commander ...
ISLAMABAD, Pakistan - Pakistan categorically denied on Thursday that a U.S. drone strike in Kabul that killed al-Qaeda chief Ayman ...
EAST NUSA TENGGARA, Indonesia: Hundreds of Indonesian tourism workers went on strike this week to protest a sharp rise in ...
NASSAU, Bahamas: A team of explorers have announced that they have uncovered a treasure, including coins, gemstones and priceless jewels, ...
ISTANBUL, Turkey: Turkey's current accounts are expected to record a deficit of $3.4 billion in June and end the year ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed Tuesday while in the Pacific, markets rose. The scene mirrored events ...
DHAKA, Bangladesh: Bangladesh raised fuel prices by some 50 percent this week, which is aimed at reducing the country's subsidy ...
NEW YORK, New York - U.S. stocks closed mixed on Monday as investors fret about CPI data due to be ...
NEW YORK CITY, New York: Amazon announced this week that it had purchased robotic vacuum maker iRobot for approximately $1.7 ...
RICHMOND, Virginia: Dominion Energy Virginia has received state approval to build an enormous offshore wind farm off the coast of ...