The Asian markets made a mixed closing on Friday waiting for the American jobs data, which could hint the timing of the next U.S. interest-rate hike. Strong employment report may put the Federal Reserve on track to raise short-term rates this year. South Korea’s central bank raised its estimate of second-quarter economic growth, supporting the currency and the markets. However, the Japanese market ended marginally in red as the yen moved higher for the day. On the other hand the Chinese markets posted modest gains as property developers rebounded from losses in the previous session.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,067.35 | 4.05 | 0.13 |
Hang Seng | 23,266.70 | 104.36 | 0.45 |
Jakarta Composite | 5,353.46 | 18.91 | 0.35 |
KLSE Composite | 1,671.79 | 1.24 | 0.07 |
Nikkei 225 | 16,925.68 | -1.16 | -0.01 |
Straits Times | 2,803.92 | -12.55 | -0.45 |
KOSPI Composite | 2,038.31 | 5.59 | 0.28 |
Taiwan Weighted | 8,987.55 | -13.60 | -0.15 |