Asian equity markets ended mostly in green on Friday as investors digested Fed Chair Janet Yellen's measured comments on the second day of her testimony before Congress and looked ahead to earnings from a slew of US banks due later in the day for direction. Yellen on Thursday spoke about the dual risks of inflation and the factors holding down productivity growth. She said that it would be quite challenging for the United States to reach the three percent growth target set by President Donald Trump. Chinese shares ended tad higher as Fitch Ratings maintained the country's sovereign ratings at 'A+' with 'stable' outlook, but warned a further increase in economy's overall leverage and tighter monetary conditions will constrain growth prospects over the medium term. Hong Kong stocks finished higher, extending their gains to a fifth-straight day following another record close on Wall Street. Further, Japanese shares closed marginally higher ahead of a three-day weekend.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,222.42 | 4.25 | 0.13 |
Hang Seng | 26,389.23 | 43.06 | 0.16 |
Jakarta Composite | 5,831.80 | 1.75 | 0.03 |
KLSE Composite | 1,755.00 | 1.22 | 0.07 |
Nikkei 225 | 20,118.86 | 19.05 | 0.09 |
Straits Times | 3,287.43 | 51.76 | 1.60 |
KOSPI Composite | 2,414.63 | 5.14 | 0.21 |
Taiwan Weighted | 10,443.91 | -16.24 | -0.16 |
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