Sun, 13 Jun 2021

SYDNEY, Australia - Equity markets across Asia stood still on Friday. The main action was in the foreign exchange market where profit-takers moved on the U.S. dollar.

The euro and the British pound jumped, together with the Australian and New Zealand dollars.

In Tokyo there was little activity in the stock market. The Benchmark Nikkei 225 fell 33.92 points or 0.16% to 21,117.22.

In China, the Shanghai Composite lost just 0.48 of a point or 0.02% to 2,852.99.

The Australian All Ordinaries fell 38.70 points or 0.59% to 6,545.60.

In Hong Kong, the Hang Seng adfvanced 86.80 points or 0.32% to 27,353.93.

The euro rose sharply to 1.1196 by the Sydney close on Friday.

The British pound too recaptured some lost ground to finish the Asian trading day around 1.2672.

The Japanese yen was little changed at 109.49, as was the Swiss franc at 1.0020.

The Canadian dollar edged up to 1.3461, but the big movers among the commodity currencies were the Australian and New Zealand dollars which jumped to 0.6897 and 0.6529 respectively.

Overnight on Wall Street, the Dow Jones Industrial Average fell 286.21 points or 1.11% to 25,490.40.

The Standard and Poor's 500 shed 33.99 points or 1.19% to 2,822.28.

The Nasdaq Composite did worst of all, losing 122.56 points or 1.58% to close at 7,628.28.

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