Most of the Asian equity benchmarks are trading higher in the early deals on Friday following the overnight gains on Wall Street and the rebound in crude oil prices. On the regional front, the Japanese stock market opened higher following the positive lead overnight from Wall Street and a weaker yen. Encouraging corporate earnings results also boosted sentiment. Among the other markets in the Asia-Pacific region, South Korea, Singapore, Indonesia and Malaysia are in positive territory, but with modest gains. Shanghai, Hong Kong and Taiwan are down marginally.
KOSPI Index increased by 0.98 points or 0.05% to 1,952.00, Jakarta Composite added 27.89 points or 0.53% to 5,290.60, FTSE Bursa Malaysia KLCI improved by 1.98 points or 0.11% to 1,784.16, Nikkei 225 jumped by 119.90 points or 0.68% to 17,726.12 and Straits Times was up by 9.32 points or 0.27% to 3,428.37.
On the flip side, Hang Seng dropped 25.84 points or 0.11% to 24,570.01 and Shanghai Composite was down by 31.64 points or 0.97% to 3,230.66.
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