Nikkei 225 advances 171 points, greenback's run comes to end

Lola Evans
22 Nov 2022, 16:42 GMT+10

Stocks in Asia were decidedly mixed on Tuesday.
In Japan, the Nikkei 225 advanced 170.95 points or 0.61 percent to 28,115.74.
South Korea's Kospi Composite dropped 14.38 points or 0.59 percent to 2,405.12.

Sydney, NSW, Australia - Stocks in Asia were decidedly mixed on Tuesday as investors grappled with a raft of global issues.

In Japan, the Nikkei 225 advanced 170.95 points or 0.61 percent to 28,115.74.

South Korea's Kospi Composite dropped 14.38 points or 0.59 percent to 2,405.12.

The Australian All Ordinaries appreciated 41.30 points or 0.56 percent to 7,376.40.

In New Zealand, the S&P/NZX 50 declined 19.98 points or 0.17 percent to 11,420.42.

In Late trading in China, the Shanghai Composite was ahead by 3 points, while in Hong Kong, the Hang Seng was behind 277 points.

On foreign exchange markets, the overnight uplift in the U.S. dollar reversed course. The euro perked up to 1.0251 by the Sydney close Tuesday. The British pound firmed to 1.1841. The Japanese yen strengthened to 141.81. The Swiss franc rose to 0.9572.

The Canadian dollar edged higher to 1.3434. The Australian dollar was in demand at 0.6612. The New Zealand dollar ticked up to 0.6117.

Overnight on Wall Street, technology stocks did the worst. The Nasdaq Composite tumbled 121.55 points or 1.29 percent to 11,024.51.

The Dow Jones industrials dropped 45.41 points or 0.13 percent to 33,700.28.

The Standard and Poor's 500 fell 15.40 points or 0.30 percent to 3,949,94.

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