Asian markets settled mostly higher on Friday tracking positive lead from Wall Street overnight. Chinese shares ended higher in line with expectations of further policy easing measures to support a slowing economy hit by the country's worst Covid-19 outbreak in two years. Hong Kong shares gained, despite Chinese tech shares fell for a third day in view of the world's largest video games company, Tencent Holdings's decision to shut its game streaming service. Although, lingering worries about the war in Ukraine and the prospect of aggressive rate hikes by central bank around the world limited further gains.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,251.85 | 15.15 | 0.47 |
Hang Seng | 21,872.01 | 63.03 | 0.29 |
Jakarta Composite | 7,210.84 | 83.47 | 1.17 |
KLSE Composite | 1,607.29 | 6.50 | 0.41 |
Nikkei 225 | 26,985.80 | 97.23 | 0.36 |
Straits Times | 3,383.28 | -20.95 | -0.62 |
KOSPI Composite | 2,700.39 | 4.53 | 0.17 |
Taiwan Weighted | 17,284.54 | 105.91 | 0.62 |
