Tue, 23 Jul 2019

Stocks in Asia sold off following Wall St plunge

Lola Evans
14 May 2019, 20:11 GMT+10

<p>SYDNEY, Australia - Shares across Asia were sold off Tuesday following the overnight carnage on Wall Street.</p><p>The Chinese-U.S. trade talks remained the focus with the prospects of an all-out trade war tightening.</p><p>In Hong Kong, the Hang Seng suffered the most damage. The key index fell 428.22 points or 1.50% to 28,122.02.</p><p>The Shanghai Composite gave up 20.10 points&nbsp; or69% to close at 2,883.61.</p><p>In Tokyo, the Nikkei 225 shed 124.05 points or 0.59% to finish at 21,067.23.</p><p>The Australian All Ords declined 54.10 points or 0.85% to 6,327.20.</p><p>The euro edged higher to 1.1238.</p><p>The British pound remained friendless at 1.2946, while the Japanese yen was little changed at 109.66.</p><p>The Swiss franc gained to 1.008. The Canadian dollar was a fraction higher at 1.3463.</p><p>The Australian dollar was of no interest, finishing the day in Sydney around 0.6945 on Tuesday, while the New Zealand dollar was also weak at 0.6583.</p><p><a href="https://www.bignewsnetwork.com/news/261028383/us-stocks-shatter-as-trade-war-with-china-heats-up">Overnight on Wall Street</a>, the Dow Jones Industrial Average ended the day with a 617.38 points or 2.38% loss at 25,324.99.</p><p>The Standard and Poor&#39;s 500 fell sharply, losing 69.52 points or 2.41% to 2,811.88.</p><p>Tech stocks fared worst of all in percentage-terms, with the Nasdaq Composite shedding 269.92 points or 3.41% to 7,647.02.</p>

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