Asian equity markets closed mostly higher on Friday, taking cues from a positive finish in Wall Street overnight and a rebound in oil prices in Asian deals helped underpin investor sentiment. But, gains were capped across the region ahead of the US monthly jobs report due out later in the day that could provide further insights into the world's largest economy and its rate policy. Employment is expected to increase by about 188,000 jobs in January after jumping by 292,000 jobs in December. The unemployment rate is expected to hold at 5.0 percent. Hong Kong shares rose, aided by overnight gains in US and European markets. But trading was thin, with many already leaving for the Lunar New Year holiday. China stocks ended lower as the market doubts that government moves to raise investment ceilings for overseas investors won't lead to an immediate surge in foreign buying of Chinese equities. Japanese shares fell for a fourth day amid a firmer yen on concerns about slowing US economic growth and growing doubts about the pace of future rate increases at the Federal Reserve.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,763.49 | -17.53 | 0.63 |
Hang Seng | 19,288.17 | 105.08 | 0.55 |
Jakarta Composite | 4,798.95 | 133.13 | 2.85 |
KLSE Composite | 1,662.46 | 5.69 | 0.34 |
Nikkei 225 | 1,6819.59 | -225.40 | -1.32 |
Straits Times | 2,623.21 | 64.72 | 2.53 |
KOSPI Composite | 1,917.79 | 1.53 | 0.08 |
| Taiwan Weighted | - | - | - |
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