Lola Evans
13 May 2022, 17:29 GMT+10
SYDNEY, NSW, Australia - Stock markets in Asia rebounded Friday with major gains recorded in Japan, Australia, Hong Kong, mainland China, and South Korea.
In Tokyo, the Nikkei 225 advanced 678.93 points or 2.64 percent to 26,427.65.
The Australian All Ordinaries rallied 141.10 points or 1.97 percent, to close Friday at 7,307.70.
South Korea's Kospi Composite surged 54.16 points or 2.12 percent to 2,604.24.
In China, the Shanghai Composite gained 29.29 points or 0.96 percent to 3,084.28.
The Hang Seng in Hong Kong jumped 518.43 points or 2.68 percent to 19,898.77.
In New Zealand, the S&P/NZX 50 went against the trend, dipping 9.18 points or 0.08 percent to 11,168.18.
The U.S. dollar remained well bid during the Asian trading zone. The euro steadied at1.0397 around the Sydney close Friday. The British pound was weak at 1.2214. The Japanese yen was little changed at 128.72. The Swiss franc eased a tad to 1.0025.
The Canadian dollar was range-bound at 1.3017. The Australian dollar was friendless at 0.6882. The New Zealand dollar remained weak at 0.6247.
Overnight on Wall Street, the Dow Jones industrials fell 103.81 points or 0.33 percent to 31,730.30.
The Standard and Poor's 500 dipped 5.10 points or 0.13 percent to 3,930.08.
The Nasdaq Composite gained 6.73 points or 0.06 percent to 11,370.96.
Get a daily dose of Travel Trade 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 Travel Trade.
More InformationLONDON, England: The UK's Competition and Markets Authority has launched its second investigation into the advertising sales practices of Google.According ...
LONDON, England: UK officials are expected to approve a request by Shell Oil to develop a North Sea gas field, ...
MADRID, Spain: Hotels in Spain are seeing a rebound in tourism, increasing their rates by 36 percent in April over ...
NEW YORK, New York - U.S. stocks raced ahead on Friday, with technology shares leading the way on signs inflation ...
WASHINGTON D.C.: Due to seat-belt mechanisms that could explode and shoot out metal fragments in the event of a crash, ...
SEATTLE, Washington: Following the decision of McDonald's, Seattle-based Starbucks said this week that it will exit the Russian market after ...
TOKYO, Japan: A new high-density electric battery developed in Japan has the potential to power electric airplanes, according to industry ...
New Delhi [India], May 28 (ANI): The pilots on a SpiceJet flight from Mumbai to Gorakhpur decided to fly back ...
KINSHASA - The Democratic Republic of Congo has summoned Rwanda's ambassador and suspended Rwandair flights to Congo in response to ...
New Delhi [India], May 28 (ANI): The Directorate General of Civil Aviation (DGCA) on Saturday imposed a penalty of Rs ...
New Delhi [India], May 28 (ANI): With the aim to provide every rural household with safe drinking water, the country ...
New Delhi [India], May 28 (ANI): US-based United Parcels Service (UPS), a global leader in logistics and InterGlobe Enterprises, announced ...