Most of the Asian markets are trading in green in early deals on Friday, following the overnight gains on Wall Street. Besides, strong US economic data supported the Federal Reserve’s decision to hike interest rates also supported the uptrend. Meanwhile, the Japanese market is higher following the overnight rally on Wall Street and a weaker yen. Investors also digested a raft of local economic data, including industrial output, retail sales and consumer prices. Among the other Asian markets, Hong Kong, Shanghai, Singapore, and Indonesia are higher. Bucking the trend, Taiwan, South Korea and Malaysia are in negative territory.
Nikkei 225 added 297.87 points or 1.24% to 24,094.61, Hang Seng gained 171.17 points or 0.61% to 27,886.84, Shanghai Composite spurt 25.96 points or 0.92% to 2,817.73, Straits Times increased 22.29 points or 0.68% to 3,258.55, and Jakarta Composite up by 19.82 points or 0.33% to 5,949.04.
On the flip side, Taiwan Weighted dropped 55.46 points or 0.51% to 10,978.73, KOSPI dipped 9.19 points or 0.39% to 2,346.24, and FTSE Bursa Malaysia KLCI down by 1.49 points or 0.08% to 1,797.15.
