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Hong Kong Rises with Rest of Asia

Jul 22, 2021 ( via COMTEX) --

Shares in Asia-Pacific were higher on Thursday, with markets in Japan closed for a holiday.

The Japanes Yen traded at 110.34 per U.S. dollar, weaker than levels below 109.5 seen against the greenback earlier this week.

In Hong Kong, the Hang Seng regained 499.26 points, or 1.8%, to 27,723.84. Shares of China Evergrande Group surged 7.9%. Those gains came after the indebted developer announced it has solved legal disputes with China Guangfa Bank.

In Australia, shares of major miner BHP soared 3.1% after the firm announced Thursday the signing of a nickel supply agreement with Tesla.

The Australian dollar changed hands at $0.7365, still above levels below $0.732 seen yesterday.

In other markets

In Shanghai, the CSI 300 gained 7.71 points, or 0.2%, to 5,151.75.

The Kospi index in Korea recovered 34.3 points, or 1.1%, to 3,250.21.

In Taiwan, the Taiex index revived 113.54 points, or 0.7%, to 17,572.33

In Singapore, the Straits Times Index jumped 40.26 points, or 1.3%, to 3,250.21.

In New Zealand, the NZX 50 inched forward 11.7 points, or 0.1%, to 12,720.84

In Australia, the ASX 200 picked up 77.69 points, or 1.1%, to 7,386.41

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