Asian markets trade mixed in early deals on Friday
Nikkei up by 170.27 points or 0.29% to 58,753.39
Asian markets traded mixed in early deals on Friday, saddled by the concerns about the tech sector's valuation and investment in the AI space, followed by tech-heavy Nasdaq's 1.18% decline. Japan’s Nikkei advanced after BoJ officials Kazuo Ueda and Hajime Takata signalled a potential policy shift, suggesting a near term rate hike. Bucking the trend, Hang Seng plunged in the session amidst trade tensions between the US and China, and on investor caution ahead of key mainland economic data. Stock market of Taiwan is closed for Peace Memorial Day.
Nikkei up by 170.27 points or 0.29% to 58,753.39, Straits Times rose by 12.51 points or 0.25% to 4,976.89, KOSPI Index added by 25.21 points or 0.40% to 6,332.48, and Shanghai Composite climbed by 12.01 points or 0.29% to 4,158.64
On the flip side, Hang Seng down by 384.70 points 1.46% to 26,381.02, Jakarta Composite slipped by 25.93 points 0.32% to 8,209.33, and FTSE Bursa Malaysia KLCI index narrowed by 21.87 points or 1.26% to 1,719.07.
