Monday, 21 February 2022 10:38

Stock markets in Asia have directionless day, stocks barely move




SYDNEY, NSW, Australia — Stocks in Asia were somewhat directionless Monday, after a volatile week last week.

China’s Shanghai Composite was virtually unchanged, down 0.15 of a single point at 3,490.61.

In Seoul, South Korea the Kospi Composite was off just 0.71 of a single point at 2,743.80.

In Australia, the All Ordinaries edged up 4.20 points or 0.06 percent to 7,507.00.

The S&P/NZX 50 in New Zealand rose 14.45 points or 0.12 percent to close Monday at 12,156.34.

Japan’s Nikkei 225 dropped 211.20 points or 0.78 percent to 26,910.87.

The Hang Seng in Hong Kong gave up 157.64 points or 0.65 percent to 24,170.07.

On foreign exchange markets, the U.S. dollar remained well bid. The euro perked up to 1.1364 in late Sydney trading Monday. The British pound firmed to 1.3619. The Japanese yen jumped to 114.95. The Swiss franc strengthened to 0.9198.

The Canadian dollar was little changed at 1.2726. The Australian dollar rose to 0.7214. The New Zealand dollar was stronger at 0.6722.