Asian markets ended mostly in green on Friday after reports that the US and China might hold a fresh round of trade talks, a development that could help resolve the trade dispute between the world's two largest economies. Concerns around emerging market risks also eased somewhat after Turkey's central bank raised its key interest rate sharply in a dramatic bid to control rocketing inflation and prevent a currency crisis. Japanese shares rallied to hit their highest level in more than seven months as the yen dipped on expectations of a new round of US-China trade talks in coming days and easing concerns about the state of emerging markets. Though, Chinese shares ended lower after the release of mixed economic readings. Chinese industrial output and retail sales figures for August topped forecasts, but real estate investment cooled and growth in fixed asset investment dipped to a historic low, raising risks to China's economic outlook as the trade conflict with the US escalates.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,681.65 | -4.93 | -0.18 |
Hang Seng | 27,286.41 | 271.92 | 1.00 |
Jakarta Composite | 5,931.28 | 73.01 | 1.23 |
KLSE Composite | 1,803.76 | 11.16 | 0.62 |
Nikkei 225 | 23,094.67 | 273.35 | 1.18 |
Straits Times | 3,161.42 | 29.65 | 0.94 |
KOSPI Composite | 2,318.25 | 32.02 | 1.38 |
Taiwan Weighted | 10,868.14 | 140.91 | 1.30 |
