Most of the Asian equity benchmarks are trading in green in the early deals on Friday, with positive trend in Wall Street and on revived hopes of progress in US-China trade talks. Some support also came in as global bond yields rebounded after huge losses in previous sessions. Japanese stocks rallied on technical buying, after previous five session loses in a row with the fears over the outlook for the global economy. Equities from Sydney to Wall Street also enjoyed a stellar start to 2019 triggered mostly by hopes of a tariffs deal and the prospect of lower borrowing costs.
Nikkei 225 increased 163.68 points or 0.78% to 21,197.44, Taiwan Weighted up 66.49 points or 0.63% to 10,602.75, KOSPI Shares climbed 7.58 points or 0.36% to 2,135.68, Hang Seng jumped 201.23 points or 0.70% to 28,976.44, Straits Times climbed 16.73 points or 0.52% to 3,220.31, Shanghai Composite up by 70.81 points or 2.36% to 3,065.75, and FTSE Bursa Malaysia KLCI rose by 6.55 points or 0.40% to 1,647.88.
On the flip side, Jakarta Composite down 37.15 points or 0.57% to 6,443.64.
