Wed, 20 Jan 2021

SYDNEY, NSW, Australia - The Australian stock exchange was the lone ranger, selling off on Thursday, while the rest of the region rallied.

Simultaneously the Australian dollar moved sharply higher to close at its best level in months.

The Australian All Ordinaries lost 39.40 points or 0.57 percent Thursday to close at 6,848.80.

The Nikkei 225 in Japan jumped 240.45 points or 0.91 percent to 26,537.31.

In China, the Shanghai Composite rose 7.41 points or 0.22 percent to 3,364.73.

Hong Kong's Hang Seng advanced 149.70 points or 0.56 percent to 26,819.05.

The Australian dollar was the best performer on foreign exchange markets Thursday. The Aussie shot up to 0.7365 by the Sydney close.

The euro was well bid at 1.1933, while the British pound advanced to 1.3383. The Japanese yen was slightly higher at 104.38. The Canadian dollar edged up to 1.2999. The New Zealand dollar was slightly higher at 0.7006.

Overnight on Wall Street, the Nasdaq Composite gained a modest 57.62 points or 0.48 percent to close at 12,094.40.

The Dow Jones closed well below the 30,000 level, losing 173.77 points or 0.58 percent to 29,877.47.

The Standard and Poor's 500 shed 5.76 points or 0.16 percent to 3,629.65.

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