Nikkei 225 in Tokyo jumps 220 points, broader market mixed
Lola Evans
21 May 2021, 17:30 GMT+10
Shares in Australia and Hong Kong were basically flat on Friday, while in Japan stocks rose.
The Australian All Ordinaries ended with a 12.70 points or 0.18 percent gain to 7,265.30. After a near 2% fall Wednesday yesterday our market rose 1.3% and is currently flat today.
SYDNEY, NSW, Australia - Shares in Australia and Hong Kong were basically flat on Friday, while in Japan stocks rose. On the Chinese mainland, sharemarkets closed lower.
The Australian All Ordinaries ended with a 12.70 points or 0.18 percent gain to 7,265.30. After a near 2% fall Wednesday yesterday our market rose 1.3% and is currently flat today. The bounce-back was driven by the previously unloved tech sector (especially the PNPL subsector) and the big banks whilst mining stocks underperformed which was surprising as Citi put through upgrades to their Copper and Aluminium forecasts which saw eps upgrades fo