Asian markets ended mostly higher on Friday on reports that China and the United States agreed to hold high-level talks in early October in Washington. Hong Kong shares ended up, despite global rating agency Fitch Ratings downgrading Hong Kong's long-term foreign currency issuer default rating. The rating agency observed that ongoing demonstrations have done long-lasting damage to international perceptions about the effectiveness of Hong Kong's governance system and rule of law. Further, Japanese shares closed higher amid comments from Bank of Japan Governor Haruhiko Kuroda suggesting that cutting interest rates further into the negative zone is always an option, while the yen retreated against the dollar as investors bid up riskier assets.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,999.60 | 13.74 | 0.46 |
Hang Seng | 26,690.76 | 175.23 | 0.66 |
Jakarta Composite | 6,308.95 | 2.15 | 0.03 |
KLSE Composite | 1,604.47 | 4.72 | 0.30 |
Nikkei 225 | 21,199.57 | 113.63 | 0.54 |
Straits Times | 3,144.48 | -2.58 | -0.08 |
KOSPI Composite | 2,009.13 | 4.38 | 0.22 |
Taiwan Weighted | 10,780.64 | 23.71 | 0.22 |
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