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Asian markets end mostly higher on Friday

04 Mar 2016 Evaluate

Asian markets ended mostly higher on Friday as global investors returned to riskier assets after a string of positive US economic data and a bounce in oil and commodity prices. US data on Thursday was positive on the whole, with factory orders rising and the service sector index showing continued expansion. Investors are now keenly awaiting today's key US employment report and China's annual legislative sessions starting on Saturday. The US Labor Department's monthly jobs report is expected to show an increase of about 190,000 jobs in February following the addition of 151,000 jobs in January. The unemployment rate is expected to hold at 4.9 percent. China stocks rose for their fourth straight day, as a tumble in small-caps triggered by supply fears was offset by a surge in banks amid speculation that government-backed investors helped stabilise the market ahead of a key meeting by China's parliament.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,874.15 14.390.50
Hang Seng20,176.70 234.941.18
Jakarta Composite4,850.88 6.840.14
KLSE Composite1,692.49 4.290.25
Nikkei 22517,014.78 54.620.32
Straits Times2,837.00 49.38 1.77
KOSPI Composite1,955.63 -2.54-0.13
Taiwan Weighted8,643.55 31.760.37

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