The Asian markets have made an all green start on the last trading day of the week supported by the gains in the commodity stocks; however data from China and Europe to the US raised concern about global growth. Japanese market has recovered after falling yesterday the most in three weeks on the back of gain in defensive shares. However, the yen headed for a weekly gain against most major peers as the sign of global economic weakness raised the demand for the Japanese currency. Chinese market too has bounced back after witnessing a steepest weekly decline in almost 16 months, in last session on a report manufacturing to contract again and on escalating tensions with Japan threatening trade.
Shanghai Composite was up by 9.10 points or 0.45% to 2,033.93, Hang Seng surged by 162.63 points or 0.79% to 20,753.55, Jakarta Composite was higher by 4.46 points or 0.07% to 4,220.12, KLSE Composite was marginally up by 1.36 points or 0.08% to 1,626.87, Nikkei 225 surged by 55.31 points or 0.61% to 9,142.29, Straits Times added 11.50 points or 0.37% to 3,074.09, Kospi Composite gained 9.33 points or 0.47% to 2,000.06 and Taiwan Weighted added 19.58 points or 0.25% to 7,746.58.