Mon, 21 Sep 2020

Asian stocks advance, greenback falters

Lola Evans
14 Sep 2020, 18:45 GMT+10

SYDNEY, NSW, Australia - Stocks in Japan, China and Australia forged ahead on Monday in a positive start to the new week. The U.S. dollar was mostly lower.

In Tokyo, the Nikkei 225 rose 152.81 points or 0.65% to 23,559.30. The broader Topix advanced 0.93% to 1,651.91, while hitting its highest level since 21 February.

"The market is strong today. There is an anticipation of higher prices," Hideyuki Ishiguro, senior strategist at Daiwa Securities told Reuters Thomson Monday, adding that investors' buying appetite helped offset selling pressure.

China's Shanghai Composite appreciated 18.47 points or 0.57% to 3,278.81.

The Australian All Ordinaries climbed 39.60 points or 0.66% to 6,078.50.

In Hong Kong, the Hang Seng rose 136.97 points or 0.56% to 24,640.28.

The euro gained ground on forex markets during the Asian session Monday. The EU unit was changing hands at 1.1865 around the Sydney close.

The British pound edged up to 1.2855. The Japanese yen firmed to 105.92. The Swiss franc was stronger at 0.9073.

The Australian dollar lost a few points or 0.7276. The New Zealand dollar was bid higher at 0.6695.

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