ASX slides more than two percent as Asian shares generally dive

Mon, 16 May 2022

ASX slides more than two percent as Asian shares generally dive

Lola Evans
21 Jan 2022, 20:29 GMT+10

Stocks in Asia fell almost across-the-board on Friday, with the biggest loser the ASX.
The Australian All Ordinaries tumbled 178.00 points or 2.33 percent to 7,490.10.
In Japan, the Nikkei 225 closed down 250.67 points or 0.90 percent at 27,522.26.

SYDNEY, NSW, Australia - Stocks in Asia fell almost across-the-board on Friday, with the biggest loser the ASX.

The Australian All Ordinaries tumbled 178.00 points or 2.33 percent to 7,490.10.

In Japan, the Nikkei 225 closed down 250.67 points or 0.90 percent at 27,522.26.

China's Shanghai Composite shed 32.50 points or 0.91 percent to 3,522.57.

In a surprise move the Hang Seng in Hong Kong recovered from earlier losses in very late trading. In the end it managed a 13.20 points or 0.05 percent gain to 24,965.55.

The U.S. dollar had a mixed day in Asia on Friday. The euro slipped to 1.1336 around then Sydney close. The Japanese yen was stronger at 113.94. The Swiss franc also gained, trading at around 0.9125. The British pound however was sold off, and was fetching 1.3566 at the finish.

The Canadian dollar dipped to 1.2516. The Australian dollar dropped a third-of-a-cent to 0.7195. The New Zealand dollar weakened sharply to 0.6719.

Overnight on Wall Street, the Dow Jones Industrial Average dived 313.26 points, or 0.89 percent, to 34,715.39.

The S&P 500 fell 50.03 points, or 1.10 percent, to 4,482.73.

The Nasdaq Composite Index slid 186.23 points, or 1.30 percent, to 14,154.02.

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