Asian equity benchmarks are trading mixed on Friday as investors eyed for additional clues on interest rates, from the much awaited US Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Policy Symposium which will be held later today. Market sentiments also weighed down on rising Japan-South Korea tensions. Japan's Nikkei is trading higher on short covering after previous session losses, and on a weaker yen. Among the other Asian markets, Shanghai, Hong Kong and Malaysia are in higher note. Bucking the trend, South Korea, Indonesia, Singapore and Taiwan are trading lower.
Nikkei 225 up 56.22 points or 0.27% to 20,684.23, Hang Seng jumped124.87 points or 0.48% to 26,173.59, Shanghai rose 13.70 points 0.48% to 2,897.14, and FTSE Bursa Malaysia KLCI up 1.22 points or 0.08% to 1,603.69.
Taiwan Weighted down 3.94 points or 0.04% to 10,525.84, KOSPI Index decreased 1.43 points or 0.07% to 1,949.58, Jakarta Composite diminished by 4.30 points or 0.07% to 6,234.95, Straits Times dipped 10.90 points or 0.35% to 3,116.84.
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