Thu, 24 Sep 2020

SYDNEY, Australia - Stocks in Asia took a breather on Wednesday, despite a strong performance on Wall Street overnight.

The U.S. dollar drifted as profit-taking continued and speculation mounted over the ability of the U.S. economy to recover in the wake of the surging coronavirus.

In Japan, the Nikkei 225 dropped 58.81 points or 0.26% to close at 22,514.85 on Wednesday.

China's Shanghai Composite added 5.88 points or 0.17% to 3,577.56.

The Australian All Ordinaries slipped 30.60 points or 0.50% to 6,135.90.

The euro was robust, being quoted at 1.1824 around the Sydney close on Wednesday. The British pound firmed to 1.3092. The Japanese yen was unchanged at 105.74. The Swiss franc firmed to 0.9113.

The Canadian dollar rose to 1.3270. The Australian dollar jumped to 0.7185, while the New Zealand dollar strengthened to 0.6662.

Overnight on Wall Street, the Dow Jones Industrial Average was ahead 164.07 points or 0.62% at 26,828.47.

The Standard and Poor's 500 advanced 11.90 points or 0.36% to 3,306.51.

The Nasdaq Composite added 38.37 points or 0.35% to 10,941.17.

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