Asian markets trade mostly higher in early deals on Friday
Hang Seng rose by 209.57 points 0.84% to 25,066.00
Asian markets traded mostly higher in early deals on Friday, with the dip in crude oil rates followed by President Donald Trump’s decision to extend the deadline for Iran to reach a deal by 10 days. Better than anticipated China’s economic figures, renewed policy support, and structural shifts in capital allocation kindled the investor sentiments. Bargain hunting after previous sessional plunges also lifted the indices. Hang Seng is advancing in the session with the rise in foreign investment inflows.
Nikkei up by 40.35 points or 0.08% to 53,644.00, Straits Times rose by 15.98 points or 0.33% to 4,903.74, Hang Seng lifted by 209.57 points 0.84% to 25,066.00, Shanghai Composite higher by 28.56 points or 0.73% to 3,917.64, and FTSE Bursa Malaysia KLCI index increased by 0.83 points or 0.05% to 1,711.72.
On the flip side, Taiwan weighted decreases by 294.60 points or 0.88% to 33,043.02, KOSPI Index dips by 2.30 points or 0.04% to 5,458.16, and Jakarta Composite down by 63.09 points 0.89% to 7,101.00.
