Stocks in Asia trade sideways, Australian All Ordinaries adds 18 points

Lola Evans
25 May 2022, 18:19 GMT+10

It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.
In Tokyo, the Nikkei 225 retreated 70.34 points or 0.26 percent to 26,677.80.
China's Shanghai Composite strengthened 36.54 points or 1.19 percent to 3,107.46.

SYDNEY, NSW, Australia - It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.

In Tokyo, the Nikkei 225 retreated 70.34 points or 0.26 percent to 26,677.80.

China's Shanghai Composite strengthened 36.54 points or 1.19 percent to 3,107.46.

In New Zealand, the S&P/NZX 50 fell 73.66 points or 0.65 percent to 11,173.37.

South Korea's Kospi Composite gained 11.35 points or 0.44 percent to 2,617.22.

in Hong Kong, the Hang Seng added 59.17 points or 0.29 percent to 20,171.21 points.

The Australian All Ordinaries gained 18.50 points or 0.05 percent to 7,391.70.

On foreign exchange markets, the euro came under pressure from profit-takers, taking the EU unit down a full cent to 1.0671. The British pound weakened to 1.2532. The Japanese yen eased to 127.04. The Swiss franc was a tad weaker at 0.9619.

The Australian dollar fell to 0.7083. The New Zealand dollar slid to 0.6471. The Canadian dollar was steady at 1.2835.

Overnight on Wall Street, the Nasdaq Composite sank 270.83 points or 2.35 percent to 11.264.45.

The Dow Jones industrials, after being heavily in the red earlier, recovered to be 48.38 points or 0.15 percent higher at 31,928.62.

The Standard and Poor's 500 slid 32.23 points or 0.81 percent to 3,941.52.

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