Asian primary markets finished higher during Friday’s session, powered by the earlier session momentum, despite overnight worries surrounding the current U.S.-China trade negotiations.
In the U.S.-China trade news, United States Commerce Secretary Wilbur Ross told the CNBC the United States is “miles and miles” from a trade deal with China. These comments came after Chinese Vice Premier Liu He’s trip to Washington next week for the next round of negotiations.
Mainland Chinese markets closed today’s trading session on positive notes; Shanghai Composite gained 0.39 percent or 10.0299 points to end at 2,601.723. Also, DJ Shenzhen added 0.47 percent or 1.69 points to trade at 363.32.
Moreover, Hong Kong's Hang Seng index climbed by 1.65 percent or 448.21 to end the session at 27,569.1 lifted by the revenues in Technology and Consumer Cyclicals sectors, up by 4.11 percent and 3.01 percent, respectively.
In tech news, Tencent gaming company jumped by 4.12 percent due to approvals for two new games after months of waiting.
In South Korea, leading benchmark Kospi, rose by 1.52 percent or 32.70 points to close higher at 2,177.73, as gains in its Technology, Energy and Basic Materials sectors lifted the broader markets.
Japanese Stock Exchange:
Japanese stocks rebounded after three days of continuous losses on Friday, as Tokyo’s main index Nikkei 225 bounced by 0.97 percent or 198.93 points to land at 20,773.56 supported by gains in Energy and Basic Materials sectors.
In economic news, Tokyo’s Consumer Price index (CPI) surpassed expectations to reach 1.1 percent, to beat the estimates of 0.9 percent increase before the market open.
In individual stocks news, Sumco Corp was the best performer in today’s trading session surging by more than 11 percent followed by Taiyo Yuden Co Ltd which leaped 10.12 percent.
In the Forex market, the Greenback rose against the Japanese Yen to trade at 109.811 USDJPY at 10:45 GMT.
Australian Stock Market:
Australia’s benchmark S&P/ASX200 also advanced on Friday’s session, up by 0.68 percent or 39.900 points to end at 5,905.60, supported by gains in its Consumer Cyclicals, Energy and Utilities sectors.
In metals and mining space, BHP Group the world’s biggest miner closed 1.3 percent higher, while rival Rio Tinto gained 1.1 percent.
Looking at corporate stocks, Iluka Resources Ltd was the biggest mover at today’s trading session, jumping by 9.05 percent at the close.
Meanwhile, Resned Inc was the worst performer to close with losses of 12.04 percent, and the second-worst performer to settle lower by 7.87 percent.
Look at the Aussie, the Australian outmuscled the Greenback to trade at 0.71012 at 10:45 GMT.
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