Asian equities struggle despite Wall Street rally

Asian equities struggle despite Wall Street rally

SYDNEY, NSW. Australia's stock in Asia struggled to make headway despite a rebound in Wall Street, European, and UK markets overnight.

The Nikkei 225 in Japan made the best attempt, finishing with a 105.04 points or 0.40 percent gain to 26,431. 20.

China's Shanghai Composite declined by 20.02 points or 0.61 percent to 3,285. 38.

In New Zealand, the S&P NZX 50 added a miserly 10.66 points or 0.10 percent to 10,646. 38.

Australia's All Ordinaries fell by 2.10 points or 0.03 percent to 6,783. 70.

South Korea's Kospi Composite finished 4.03 points or 0.16 percent in front of 2,451. 41.

The Hang Seng was trading down 450 points at the time of writing.

The U.S. dollar rebounded from overnight lows, shorting the rally in major currencies. The euro dropped back to 1.0408 at the Sydney close Thursday. The Japanese yen was weakened to 134.35. The British pound fell to 1.2073. The Japanese yen was up a tad to 0.9860.

The Canadian dollar fell to 1.2951. Australian and New Zealand dollars were a bit lower at 0.6955 and 0.6235 respectively.

Overnight, the Nasdaq Composite gained 270.81 points or 2.50 percent to 11,099. 15.

The Dow Jones industrials added 303.70 points or 1.00 percent to 30,668. 53.

The Standard and Poor's 500 climbed 59.51 points or 1.46 percent to 3,789. 99.