The S&P/ASX200 closed up 0.3% on Friday, completing a volatile and unpredictable year. The final trading session in the green left the benchmark index 6.3% weaker for the past 12 months.
Asian stocks traded higher on their last trading session of the year. China’s Shanghai Composite index rose 0.51% to 3,089.26 but ended 2022 down more than 14%. Japan’s broader Topix index edged down 0.19% to close at 1,891.71 – losing 5% for the year. South Korea’s stock markets are closed for New Year’s holiday and scheduled to resume trade on Jan. 2.
European stock markets opened lower, going toward their worst year since 2018. Germany’s DAX dropped 0.53% at the opening bell, while the UK’s FTSE 100 fell 0.37%, and France’s CAC 40 decreased by 0.67%. The European Stoxx 50 index was off 0.65% at the same time.
Major stock exchanges on Wall Street were down in the premarket on Friday, as investors braced for the final trading day of the worst year for stocks since 2008. The Dow Jones Industrial Average dipped 131 points or 0.40% at 4:30 am ET. The Nasdaq 100 and the S&P 500 declined by 0.61% and 0.56% respectively.
Oil prices edged up on Friday and were on track to post a second straight annual gain, with Brent crude futures climbing 44 cents, or 0.5%, to $83.90 a barrel by 0138 GMT, according to Reuters.
Gold prices firmed on Friday but were headed for a second straight yearly loss. Spot gold was up 0.2% to $1,818.64 per ounce as of 0309 GMT. U.S. gold futures fell 0.1% to $1,824.60, according to Reuters.
The euro lost 0.10% against the American currency, to change hands to $1.06568 at 4:31 am ET.
The Australian dollar advanced against its most major counterparts in the European session on Friday. The aussie rose to 2-day highs of 0.6797 against the greenback and 1.5691 against the euro, from its early lows of 0.6754 and 1.5789, respectively.
The Japanese yen saw some strengthening to last stand at 132.42 against the U.S. dollar.
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