Asian markets ended mostly higher on Friday, tracking Wall Street gains overnight as comments from US Federal Reserve officials helped ease concerns over inflation and immediate policy tightening. US Federal Reserve Governor Christopher Waller said the Fed would not raise interest rates until it sees inflation above target for a long time, or excessively high inflation. Meanwhile, US data showed fewer Americans filed new claims for unemployment benefits last week and producer price index surged last month. Japanese shares rose on positive corporate earnings despite resurgence in Covid-19 cases in Japan. Chinese shares also gained even with focus on the development of Sino-US relations.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,490.38 | 60.84 | 1.77 |
Hang Seng | 28,027.57 | 308.90 | 1.11 |
Jakarta Composite | - | - | - |
KLSE Composite | - | - | - |
Nikkei 225 | 28,084.47 | 636.46 | 2.32 |
Straits Times | 3,055.02 | -68.24 | -2.18 |
KOSPI Composite | 3,153.32 | 31.21 | 1.00 |
Taiwan Weighted | 15,827.09 | 156.99 | 1.00 |
