Stocks in Asia range-bound as markets contemplate next move

Lola Evans
16 May 2022, 17:28 GMT+10

Stocks struggled for direction in Asia on Monday.
In Japan, the Nikkei 225 gained 119.40 points or 0.45 percent to 26,547.20.
In New Zealand, the S&P/NZX 50 edged up 10.52 points or 0.09 percent to 11,157.66.

SYDNEY, NSW, Australia - Stocks struggled for direction in Asia on Monday. Early gains evaporated later in the data, although some indices managed to finish modestly in the black.

In Japan, the Nikkei 225 gained 119.40 points or 0.45 percent to 26,547.20.

China's Shanghai Composite lost 10.54 points or 0.34 percent to 3,073.75.

In New Zealand, the S&P/NZX 50 edged up 10.52 points or 0.09 percent to 11,157.66.

The Australian All Ordinaries rose 18.50 points or 0.25 percent to 7,326.20.

In South Korea, the Kospi Composite fell 7.66 points or 0.29 percent to 2,596.58.

The Hang Seng in Hong Kong added 51.44 points or 0.26 percent to 19,950.21.

The U.S. dollar was steady during the Asian trading zone Monday.

The euro hovered around 1.04, last trading at 1.0407 at the Sydney close. The British pound was little changed at 1.2230. The Japanese yen traded in a tight range around 128.84. The Swiss franc was unmoved at 1.0024.

The Canadian dollar inched up to 1.2961. The Australian dollar was unwanted at 0.6891. The New Zealand dollar was soggy at 0.6246.

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