Japan’s Nikkei 225 jumps 582 points, Asian region generally higher

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Japan's Nikkei 225 jumps 582 points, Asian region generally higher
Japan's Nikkei 225 jumps 582 points, Asian region generally higher

Africa-PressLiberia. Stocks on Asian markets roared ahead on Tuesday, with the region seeing across-the-board gains. The moves came as a surprise as Wall Street, the UK, and European markets all fell overnight.

In Japan, the Nikkei 225 surged 582.01 points or 2.09 percent to 28,406.84. The Australian All Ordinaries added 43.30 points or 0.60 percent to 7,299.10. China’s Shanghai Composite gained 11.40 points or 0.32 percent to 3,529.01. The Hang Seng in Hong Kong advanced 399.72 points or 1.42 percent to 28,593.81.

Another surprise on Tuesday, the U.S. dollar got crushed. The euro advanced to 1.2200. The British pound rose to 1.4196. The Japanese yen jumped to 108.98. The Swiss franc was sharply higher at 0.8982.

The Canadian dollar surged to 1.2024. The Australian and New Zealand dollars were in demand at 0.7803 and 0.7251 respectively. Overnight on Wall Street, the Dow Jones index was down 54.34 points or 0.16 percent at 34,327.79.

The Standard and Poor’s 500 fell 10.56 points or 0.25 percent to 4,163.29.; The Nasdaq Composite lost 50.93 points or 0.38 percent to 13,379.05.

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