Aussie Stocks Rally, Elsewhere In Region Slide Continues

By Big News Network

Stocks in Asia were mixed on Thursday as investors and traders remain confused and concerned about the health of the global economy, the U.S. government shutdown, and a report from Apple that it was not meeting revenue expectations due to a slowdown in China.

The U.S. dollar raged again on Thursday, sending the Japanese yen below 108.00

At the close of trading Thursday the Australian All Ords was ahead 69.00 points or 1.29% at 5,694.50.

In Hong Kong, the Hang Seng fell 65.99 points or 0.26% to 25,064.35.

China&#39s SSE Shanghai Composite was little changed, losing just 0.93 of a point or 0.04% to 2,464.36.

Overnight on Wall Street, stocks were marginally ahead.

“Chinese PMI came in weaker than expected and gave a risk-off tone to global markets. There are now mounting concerns about global growth,” Justin Lederer, Treasury analyst and trader at Cantor Fitzgerald was quoted by the Reuters Thomson news agency as saying.

At the close of trading Wednesday the Dow Jones Industrial Average was ahead 18.78 points or 0.08% at 23,346.24.

The Standard and Poor&#39s 500 added 3.18 points or 0.13% to 2,510.03.

The tech-laden Nasdaq Composite did better, gaining 30.66 points or 0.46% to close at 6,665.94.

This article provided by NewsEdge.