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Asian markets end in green on Friday

29 Jan 2016 Evaluate

Asian equity markets ended in green on Friday, after Wall Street stocks rebounded overnight, crude prices extended overnight gains and the safe-haven Japanese yen weakened in the wake of further Bank of Japan easing. Japanese shares ended higher after the Bank of Japan (BoJ) unexpectedly eased monetary policy further by introducing a negative interest rate policy. The BoJ said it was adopting an interest rate of minus 0.1 percent, adding that it would charge interest for excess reserves financial institutions park with the central bank. The BoJ also said it would cut interest rates further into negative territory if necessary.  China stocks rebounded as investors looked for bargains among severely beaten down shares, but the market is still on track to post its biggest monthly fall since the depths of the global financial crisis. Investors drew some relief after the People's Bank of China said it would increase the frequency of open market operations between January 29 and February 19 to keep the banking system flush with cash.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,737.60 81.943.09
Hang Seng19,683.11 487.282.54
Jakarta Composite4,615.16 12.330.27
KLSE Composite1,667.8033.272.04
Nikkei 22517,518.30476.852.80
Straits Times2,629.11 66.662.60
KOSPI Composite1,912.065.120.27
Taiwan Weighted8,080.60 175.502.22

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