Lola Evans
03 Aug 2022, 17:51 GMT+10
SYDNEY, NSW, Australia - Stocks in Asia were mixed on Wednesday as investors continued to struggle for direction.
China's Shanghai Composite fell 22.59 points or 0.71 percent to 3,163.67 as Nancy Pelosi visited Taiwan, heightening geopolitical tensions.
"In the longer term, there will be more frictions between the U.S. and China," Redmond Wong, Greater China market strategist at Saxo Markets in Hong Kong told Reuters news agency Wednesday. "We have already been seeing selling from overseas investors in Chinese equities."
In Japan, the Nikkei 225 gained 147.17 points or 0.53 percent to 27,741.90.
The S&P/NZX 50 in New Zealand surged 172.57 points or 1.50 percent to 11,705.03.
The South Korean Kospi Composite added 21.83 points or 0.89 percent to 2,461.45.
In Australia, the ALL Ordinaries retreated 13.50 points or 0.19 percent to 7,202.90.
In Hong Kong the Hang Seng advanced 63.77 points or 0.40 percent to 19,767.09.
On foreign exchange markets, the euro perked up to 1.0183 by the Sydney close Wednesday. The British pound firmed to 1.2194. The Japanese yen was little changed at 133.13, as was the Swiss franc at 0.9576.
The Canadian dollar traded sideways around 1.2867. The Australian dollar remained in the doldrums at 0.6931. The New Zealand dollar was motionless at 0.6259.
Overnight on Wall Street, the Dow Jones industrials tumbled 402.23 points or 1.23 percent to 32,396.17.
The Nasdaq Composite dipped 20.32 points or 0.16 percent to 12,348.76.
The Standard and Poor's 500 fell 27.44 points or 0.67 percent to 4,091.19.
Get a daily dose of Sports Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.
More Information(Photo credit: Mike Watters-USA TODAY Sports) After securing momentous victories last weekend, Baylor and Texas Tech will see whose provided ...
(Photo credit: Kim Klement Neitzel-USA TODAY Sports) The Tampa Bay Rays' home playoff game against the Texas Rangers in St. ...
(Photo credit: Jeff Curry-USA TODAY Sports) MILWAUKEE -- Freddy Peralta, moved up a day in the rotation, will try to ...
(Photo credit: Bill Streicher-USA TODAY Sports) Veteran forward Reggie Bullock will sign with the Houston Rockets after clearing waivers, The ...
(Photo credit: Dale Zanine-USA TODAY Sports) Aaron Nola hasn't earned a win since August, but a victory on Wednesday would ...
(Photo credit: John Leyba-USA TODAY Sports) Teams with first-year coaches who are on losing streaks will meet Saturday when Arizona ...
(Photo credit: Mike Watters-USA TODAY Sports) After securing momentous victories last weekend, Baylor and Texas Tech will see whose provided ...
(Photo credit: John Leyba-USA TODAY Sports) No. 9 Southern California features the nation's highest-scoring offense but continues to have concerns ...
(Photo credit: John Leyba-USA TODAY Sports) Teams with first-year coaches who are on losing streaks will meet Saturday when Arizona ...
(Photo credit: Jordan Prather-USA TODAY Sports) Florida seeks payback for last season's upset loss to Vanderbilt when the teams meet ...
(Photo credit: Jay Biggerstaff-USA TODAY Sports) Kansas and UCF have questions as to the identity of their respective starting quarterbacks ...
(Photo credit: Ken Ruinard-USA TODAY Sports) Clemson will look to even its conference record when it welcomes visiting Wake Forest ...