Asian markets ended mostly in green on Friday after fourth-quarter US GDP data topped expectations and White House economic advisor Larry Kudlow said the US and China are making ‘fantastic’ progress in their trade negotiations. Chinese shares ended higher after global index provider MSCI said it would quadruple the weighting of Chinese mainland shares in its global benchmarks later this year. Further, Japanese shares rose sharply to hit 2-1/2-month highs on futures buying as a weaker yen boosted exporters. Meanwhile, the South Korea markets were closed for the Independence Movement Day holiday. Taiwan’s stock market remains shut for the Peace Memorial Day holidays.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,994.00 | 53.05 | 1.80 |
Hang Seng | 28,812.17 | 178.99 | 0.63 |
Jakarta Composite | 6,499.88 | 56.53 | 0.88 |
KLSE Composite | 1,700.76 | -6.97 | -0.41 |
Nikkei 225 | 21,602.69 | 217.53 | 1.02 |
Straits Times | 3,220.40 | 7.71 | 0.24 |
KOSPI Composite | - | - | - |
Taiwan Weighted | - | - | - |
