Asian markets ended in green on Friday to extend recovery as investors gravitated to the view that the US-China trade row would be less harmful to global growth than first feared. Chinese shares ended higher as investors continued to bet that Beijing would increase economic stimulus to boost the economy in the face of the trade war. Further, Japanese shares closed up, with a weaker yen and upbeat manufacturing data helping underpin investors’ sentiments. The manufacturing sector in Japan continued to expand in September, and at an accelerated pace, the latest survey from Nikkei revealed with a manufacturing PMI score of 52.9, up from 52.5 in August. Another report showed that overall nationwide consumer prices in Japan rose an annual 1.3 percent in August, exceeding expectations for 1.1 percent and up from 0.9 percent in July. Meanwhile, investors turned their focus to the second round of trade talks between Japan and the US scheduled on September 24.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,797.49 | 68.25 | 2.44 |
Hang Seng | 27,953.58 | 475.91 | 1.70 |
Jakarta Composite | 5,957.74 | 26.47 | 0.44 |
KLSE Composite | 1,810.64 | 6.94 | 0.38 |
Nikkei 225 | 23,869.93 | 195.00 | 0.82 |
Straits Times | 3,217.68 | 37.25 | 1.16 |
KOSPI Composite | 2,339.17 | 15.72 | 0.67 |
Taiwan Weighted | 10,972.41 | 141.00 | 1.29 |
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