SYDNEY, NSW, Australia - Stocks were mixed in Asia on Thursday, the final day's trading of the year.
In Japan and Australia major losses were recorded. In China, stocks gained.
The U.S. dollar continued to be pounded, pushing a basket of currencies to new multi-year highs.
At the close on Thursday, the Nikkei 225 in Tokyo had lost 123.98 points or 0.45 percent to 27,444.17.
The Australian All Ordinaries skidded 92.30 points or 1.33 percent to 6,850.60.
In Hong Kong the Hang Seng advanced 84.22 points or 0.31 percent to 27,231.13.
China's Shanghai Composite added 58.62 points or 1.72 percent to 3,473.07.
The British pound consolidated its recent gains following the finalization of the post-Brexit deal with the EU. The pound last traded in Sydney on Thursday at 1.3634.
The Australian dollar reached the lofty level of 0.7705 by the Sydney close, while the New Zealand dollar strengthened to 0.7225.
The euro was strongly bid at 1.2291. The Japanese yen rose to 103.13. The Swiss franc firmed to 0.8818.