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(Best Syndication News) – The Euro and U.S. dollar gained against the Japanese Yen early Monday (see the charts below). The Hang Seng Index is up .66 percent to 19,675.30 early Monday but the Nikkei 225 closed 26 points lower (.27 percent) to 9,758.40. The Tokyo exchange is closed but the Hong Kong Stock Exchange is still open as of this writing.
The good news in China helped boost equities in England, France and Germany. It also helped the dollar but hurt the Yen. Early in the day investors were worried that the U.S. financial system overhaul would cause a ratings downgrade for large banks and they began selling the dollar and euro but that changed, according to a report in the WSJ.