Stocks in Asia finish mainly lower despite overnight surge on Wall Street

Lola Evans
26 May 2022, 17:25 GMT+10

Shares across Asia fell on Thursday, with the exception of the Chinese mainland market where modest rises were registered.
The U.S. dollar lost ground against most currencies but crept higher against the commodity bloc.
In Japan, the Nikkei 225 lost 72.96 points or 0.27 percent to 26,604.84.

SYDNEY, NSW, Australia - Shares across Asia fell on Thursday, with the exception of the Chinese mainland market where modest rises were registered.

The U.S. dollar lost ground against most currencies but crept higher against the commodity bloc.

In Japan, the Nikkei 225 lost 72.96 points or 0.27 percent to 26,604.84.

The Australian All Ordinaries retreated 52.40 points or 0.71 percent to 7,339.30.

In New Zealand, the S&P/NZX 50 fell 70.53 points or 0.63 percent to 11,102.84.

The Kospi Composite in Seoul, South Korea, edged down 4.77 points or 0.18 percent to 2,612.45.

China's Shanghai Composite, going against the trend, strengthened by 11.58 points or 0.37 percent to 3,119.04.

The Hang Seng in Hong Kong lost 55.07 points or 0.27 percent to close Thursday at 20,116.20.

The euro bounced back Thursday in the Asian trading zone. The EU unit was changing hands at 1.0685 around the Sydney close.

The British pound was in demand at 1.2576. The Japanese yen rose to 126.81. The Swiss franc firmed to 0.9608.

The Canadian dollar drifted down slightly to 1.2821. The Australian dollar was neglected to 0.7085. The New Zealand dollar slipped to 0.6469.

Overnight on Wall Street, the Nasdaq Composite rose 170.29 points or 1.51 percent to 11,434.74.

The Dow Jones industrials advanced 191.66 points or 0.60 percent to 32,120.28.

The Standard and Poor's 500 added 37.25 points or 0.95 percent to 3,978.73.

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