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Asian markets trade mostly higher in early deals on Friday

20 Jan 2023 Evaluate
Most of the Asian markets traded higher in early deals on Friday, as the market sentiment got boosted on bargain hunting after previous sessional sell offs amid recession fears and on US Federal Reserve’s interest outlook speculation. Moreover, China’s emergence from zero-Covid and dip in US inflation rates buoyed investor confidence. PBoC left its key lending rates unchanged for the fifth straight month at January fixing. Japan’s Nikkei advanced slightly in the session though it struggled with the risk aversion in the market after another surge in inflation advocated policy shift from the Bank of Japan. 

Nikkei 225 up by 83.82 points or 0.32% to 26,489.05, Straight times added 18.06 points or 0.55% to 3,294.22, Hang Seng lifted by 217.29  points or 0.99% to 21,868.27, KOSPI enlarged by 8.85 points or 0.37% to 2,389.19, Jakarta Composite gained by 9.27 points or 0.14% to 6,829.18, and Shanghai higher by 17.50 points or 0.54% to 3,257.78. 

On the flip side, FTSE Bursa Malaysia KLCI lower by 0.42 points or 0.03% to 1,495.80.

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