Asian equity indices finished the day’s trade mostly in the positive terrain as sentiments remained strong in the region on the back of overnight rally on Wall Street, supported by unexpected drop in jobless claims and higher-than-estimated earnings coupled with trade deficit, which was smaller than expected. But, the Asian indices pared their early gains on the last trading day of the week as investors remained cautious amid a turbulent global market. Chinese Shanghai rose about half a percent as country allowed the Yuan to rise steadily against the dollar and pumping cash into its own banking system. Japanese index dipped further below the 9,000 line on Friday, extending hefty losses sustained during the most volatile week since the March 11 earthquake as the yen’s strength prompted foreigners to sell carmakers, pulling Toyota Motor to its lowest level this year.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,593.17 | 11.66 | 0.45 |
Hang Seng | 19,620.01 | 24.87 | 0.13 |
Jakarta Composite | 3,890.53 | 21.16 | 0.55 |
KLSE Composite | 1,483.67 | 7.21 | 0.49 |
Nikkei 225 | 8,963.72 | -18.22 | -0.20 |
Straits Times | 2,850.59 | 54.37 | 1.94 |
Seoul Composite | 1,793.31 | -24.13 | -1.33 |
Taiwan Weighted | 7,637.02 | -82.07 | -1.06 |
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