Asian markets settled mostly higher on Friday, even as Chinese and Taiwan markets were still closed for the Lunar New Year holidays. Wall Street's overnight gains following better than expected GDP data from the United States also supported Asian market sentiments. Strong US GDP data also fuelled hopes the US economy might be able to avoid a recession. Japanese shares ended almost flat, while the Japanese yen rose as greater-than-expected Tokyo inflation readings fed into expectations for more hawkish moves by the Japanese central bank.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | -- | -- | -- |
Hang Seng | 22,688.90 | 122.12 | 0.54 |
Jakarta Composite | 6,898.98 | 34.16 | 0.50 |
KLSE Composite | 1,497.55 | -0.84 | -0.06 |
Nikkei 225 | 27,382.56 | 19.81 | 0.07 |
Straits Times | 3,394.21 | 17.02 | 0.50 |
KOSPI Composite | 2,484.02 | 15.37 | 0.62 |
Taiwan Weighted | -- | -- | -- |
