Thursday, 17 February 2022 06:08

Directionless day on Asian stock markets, only New Zealand outperforms

SYDNEY, NSW, Australia — It was a somewhat directionless day on Asian stock markets on Thursday.

There were strong gains in New Zealand, but elsewhere trading was listless.

In Japan, the Nikkei 225 dropped 227.53 points or 0.83 percent to 27,232.82.

The Australian All Ordinaries inched up 1.80 points or 0.02 percent to 7,574.80.

In Seoul, South Korea, the Kospi Composite edged up 14.41 points or 0.53 percent to 2,744.09.

In New Zealand, the S&P/NZ 50 advanced 134.93 points or 1.11 percent to 12,256.82.

China’s Shanghai Composite was virtually unchanged, down a fraction of a single point in the final minutes of trading.

The Hang Seng in Hong Kong was off 50 points in the final half-hour of trade.

The U.S. dollar had a quiet day Thursday. The euro hovered around 1.1363 at the Sydney close. The British pound was in demand at 1.3588. The Japanese yen drifted down to 115.30 The Swiss franc was little changed at 0.9222.

The Canadian dollar was slightly lower at 1.2706. The Australian dollar retreated to 0.7191. The New Zealand dollar was stronger at 0.6690.

Overnight on Wall Street, the Dow Jones dipped 54.57 points or 0.16 percent, to close Wednesday at 34,934.27.

The Standard and Poor’s 500 inched up 3.94 points or 0.09 percent to 4,475.01.

The Nasdaq Composite slid 15.66 points or 0.11 percent to 14,124.09.