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MoneyWorks4Me

Asian markets end in green on Friday

22 Jan 2016 Evaluate

Asian equity markets ended in green on Friday, thanks to a rebound on Wall Street overnight following an uptick in oil prices and dovish comments from the European Central Bank (ECB). ECB President Mario Draghi on Thursday signaled that the governing council may provide more stimulus measures at its next meeting in March amid growing concerns over faltering global economic growth, which spooked investor sentiment worldwide. China stocks ended up in volatile trading, with the market drawing some support from a rebound in global equity markets. Japanese shares ended higher, buoyed by a weaker yen, the bounce in oil prices and speculation that the Bank of Japan may announce fresh monetary stimulus next week to fend off the threat of deflation. Hong Kong's shares closed nearly 3 percent higher, led by Chinese oil and coal producers after Premier Li Keqiang called for supply-side reforms and cutting overcapacity in the steel and coal industries.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,916.56 36.081.25
Hang Seng19,080.51538.362.90
Jakarta Composite4,456.74 42.620.97
KLSE Composite1,625.2124.291.52
Nikkei 22516,958.53941.275.88
Straits Times2,577.09 44.391.75
KOSPI Composite1,879.4338.902.11
Taiwan Weighted7,756.18 92.171.20