Asian markets ended mostly higher on Friday on optimism about corona virus vaccine rollouts, but investors are cautiously keeping track on Brexit trade talks as well as ongoing negotiations in the US for a corona virus relief package. British Prime Minister Boris Johnson said there was ‘a strong possibility’ Britain and the European Union would fail to strike a new trade deal. US House Speaker Nancy Pelosi suggested that negotiations on a federal rescue package could stretch into late December if necessary. Japanese markets declined as the yen gained following worries over surging Covid-19 cases. Japanese Prime Minister Yoshihide Suga said the coronavirus situation in the country is tense, but he was not thinking of suspending the government travel subsidy program. However, Chinese shares declined on sign of rising Sino-US tensions as the US Federal Communications Commission began the process of revoking China Telecom's authorization to operate in the United States. Also, worries about policy tightening dented risk appetite of Chinese investors.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,347.19 | -26.09 | -0.77 |
Hang Seng | 26,505.87 | 95.28 | 0.36 |
Jakarta Composite | 5,938.33 | 4.63 | 0.08 |
KLSE Composite | 1,684.58 | 30.19 | 1.82 |
Nikkei 225 | 26,652.52 | -103.72 | -0.39 |
Straits Times | 2,821.70 | -3.26 | -0.12 |
KOSPI Composite | 2,770.06 | 23.60 | 0.86 |
Taiwan Weighted | 14,261.69 | 12.20 | 0.09 |
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