Wed, 16 Jun 2021

SYDNEY, NSW, Australia - Stock markets were on the defensive in Asia on Tuesday, mirroring events on Wall Street overnight.

Most of the major indices lost ground, however, the Australian All Ordinaries managed a small gain. The key index rose 11.70 points or 0.14 percent to 7,542.30.

In Japan, the Nikkei 225 fell 55.68 points or 0.19 percent to 28,963.56.

China's Shanghai Composite slid 20.28 points or 0.56 percent to 3,579.26.

In Hong Kong, the Hang Seng dipped 5.90 points or 0.02 percent to 28,781.38.

Foreign exchange markets had a quiet day. The U.S. dollar barely moved. Around the close in Sydney on Tuesday, the euro was fetching 1.2179. The British pound was steady at 1.4158. The Japanese remained well bid at 109.42. The Swiss franc was unmoved at 0.8979.

The Canadian dollar was changing hands at 1.2084. The Australian dollar range-traded around 0.7749. The New Zealand dollar was little changed at 0.7219.

Overnight on Wall Street, the tech-laden Nasdaq Composite was the only gainer of the big three major indices, climbing a modest 67.23 points or 0.49 percent to 13,881.72.

The Dow Jones index slid 126.15 points or 0.36 percent to 34,630.25.

The Standard and Poor's 500 lost just 3.37 points or 0.08 percent to 4,226.52.

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