Africa-Press – Liberia. stocks slipped on Tuesday, with the downward trend accelerating towards the close. In the end, the Dow Jones finished down 267.13 points or 0.78 percent at 34,060.66. The Nasdaq Composite sank 75.41 points or 0.56 percent to 13,303.64. The Standard and Poor’s 500 dropped 35.46 points or 0.85 percent to 4,127.83.
On foreign exchange markets, the big movers were the euro and the Australian dollar. The U.S. dollar remained on the nose, although with most currencies the gains made in Asia, steadied going into Europe and the U.S.
Approaching the New York close Tuesday, the euro had surged up to 1.2226. The British pound remained well bid at 1.4188. The Japanese yen was strong at 108.92. The Swiss franc held steady at 0.8974.
The Canadian dollar was little changed at 1.2057. The Australian dollar moved up to 0.7800. The New Zealand dollar was in demand at 0.7247. On overseas equity markets, Europe and the UK were flat. London’s FTSE 100 added just 0.02 percent. The German Dax dipped 0.07 percent. The Paris-based CAC 40 declined 0.21 percent.
On Asian markets, 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.