Most of the Asian equity benchmarks are trading in green on Friday, as investors awaited for Chinese trade data for June to assess the impact of Beijing’s ongoing trade war with Washington.US President Donald Trump has accused China for not increasing its purchase of American farm products despite its promise to do so. Japan's Nikkei is in higher note in midst of expectations for an early US interest rate cut sent Wall Street higher overnight. Among the other Asian markets, Hong Kong, South Korea, Singapore, and Shanghai are in positive lead. Bucking the trend, Taiwan, Indonesia and Malaysia are in negative territory.
Nikkei 225 up by 30.75 points or 0.14% to 21,674.28, Straits Times jump 11.11 points or 0.33% to 3,361.56, Hang Seng rises 142.66 points or 0.50% to 28,574.46, KOSPI Index enlarge 3.50 points or 0.17% to 2,084.08, and Shanghai hiked 13.36 points 0.46% to 2,931.12
On the flip side, Taiwan Weighted decreases 6.05 points or 0.06% to 10,837.37, Jakarta Composite declines by 21.86 points or 0.34% to 6,395.21 and FTSE Bursa Malaysia KLCI decreases 3.90 points or 0.23% to 1,678.97.
