Asian markets settled mostly higher on Friday, with Chinese and Hong Kong shares surged on continued rumours that the country plans to scale back covid-related restrictions. Meanwhile, Japan's services sector activity grew at the fastest clip in four months in October. However, Japanese shares ended sharply lower in post-holiday trading following negative close from Wall Street overnight. The fourth straight 75-basis point interest rate hike by the US Federal Reserve and the hawkish comments from central bank Chair Jerome Powell makes investors cautious.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,070.80 | 72.99 | 2.43 |
Hang Seng | 16,161.14 | 821.65 | 5.36 |
Jakarta Composite | 7,045.53 | 10.96 | 0.16 |
KLSE Composite | 1,438.28 | 17.90 | 1.26 |
Nikkei 225 | 27,199.74 | -463.65 | -1.68 |
Straits Times | 3,130.11 | 27.60 | 0.89 |
KOSPI Composite | 2,348.43 | 19.26 | 0.83 |
Taiwan Weighted | 13,026.71 | 40.11 | 0.31 |