Asian markets ended with a strong note on Friday tracked by strong finish on Wall Street bourses overnight following President Biden's bipartisan Senate infrastructure deal and the earlier dovish comments by Treasury Secretary Janet Yellen and Fed Chair Powell. Janet Yellen said inflation should retreat by year end from its current elevated level, while Powel reassured that the central bank is in no hurry to raise interest rates. Hong Kong shares closed higher following continued buying from mainland investors, who purchased a net 5-billion-yuan worth of Hong Kong shares on Friday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,607.56 | 40.91 | 1.15 |
Hang Seng | 29,288.22 | 405.76 | 1.40 |
Jakarta Composite | 6,022.40 | 10.34 | 0.17 |
KLSE Composite | 1,559.68 | 3.97 | 0.26 |
Nikkei 225 | 29,066.18 | 190.95 | 0.66 |
Straits Times | 3,121.60 | 1.98 | 0.06 |
KOSPI Composite | 3,302.84 | 16.74 | 0.51 |
Taiwan Weighted | 17,502.99 | 95.03 | 0.55 |