Wed, 19 Jun 2019

Stocks on Shanghai Composite jump 2.58%

Lola Evans
11 Jun 2019, 18:16 GMT+10

SYDNEY, Australia - Stocks in China rose sharply on Tuesday with the Shangahi Composite leading the way.

The Australian market which re-opened after the Queen's birthday long weekend, was also buoyant.

At the close on Tuesday Japan's Nikkei 225 was ahead 69.86 points or 0.33% at 21,204.28.

The Shanghai Composite rose 73.59 points or 2.58% to 2,925.72.

The Australian All Ordinaries advanced 99.20 points or 1.52% to 6,624.40.

In Hong Kong, the Hang Seng climbed 210.70 points or 0.76% to 27,789.34.

The euro continued its overnight recovery, seeing out the Asian session around 1.1323.

The British pound inched up to 1.2699.

The Japanese yen eased a fraction to 108.57. The Swiss franc was unchanged at 0.9898.

The Canadian dollar was a tad higher at 1.3254.

The Australian dollar weakened to 0.6957.

The New Zealand dollar also dived, last quoted at 0.6592.

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