Mon, 05 Jun 2023

SYDNEY, NSW, Australia - Stocks in Asia continued the merry-go-round on Wednesday as investors the world over swarmed stock markets with buy orders.

In Japan, the Nikkei 225 jumped 407.82 points or 1.43 percent to 28,863.42.

The Australian All Ordinaries picked up 102.00 points or 1.34 percent to 7,701.20.

China's Shanghai Composite advanced 42.48 points or 1.18 percent to 3,637.57.

The Hang Seng in Hong Kong rose 13.21 points or 0.06 percent to 23,996.87.

The U.S. dollar was quiet but overall slightly lower. The euro crept up to 1.3292 by the Sydney close Wednesday. The British pound was slightly firmer at 1.3255. The Japanese yen was little changed at 113.51. The Swiss franc inched up to 0.9238.

The Canadian dollar was stronger at 1.2651. The Australian dollar held on to most of its gains at 0.7127. The New Zealand dollar strengthened to 0.6790.

Overnight on Wall Street, the Nasdaq Composite surged 455.72 points, or 2.99%, to 15,680.87.

The Standard and Poor's 500 jumped 95.17 points, or 2.07% to close Tuesday at 4,686.84.

The Dow Jones Industrial Average gained 492.21 points or 1.42% to 35,719.24.

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