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MoneyWorks4Me

Asian markets end mostly higher on Friday

20 May 2016 Evaluate

Asian equity markets ended mostly higher on Friday, as oil prices rebounded ahead of US rig count data and the dollar held gains against the yen on the eve of a G7 meeting, with issues such as money laundering, tax evasion and currency volatility high on the agenda. Chinese shares eked out modest gains after China said it would allocate 27.64 billion yuan ($4.23 billion) from the central budget to cut steel and coal capacity. Japanese shares reversed early losses to end higher as a weaker yen boosted exporters' shares.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,825.48 18.580.66
Hang Seng19,852.20 157.870.80
Jakarta Composite4,711.88 7.660.16
KLSE Composite1,628.79 -4.97-0.30
Nikkei 22516,736.35 89.690.54
Straits Times2,763.82 23.710.87
KOSPI Composite1,947.67 0.890.05
Taiwan Weighted8,131.26 35.280.44