Asian markets settled higher on Friday tracking Wall Street’s strong gains overnight after reports that a group of US banking giants moved to shore up embattled First Republic Bank, that eased worries over a possible spreading of risks throughout financial system. Meanwhile, Investors are awaiting interest rate decisions from the US Federal Reserve. Chinese shares rose due to optimism over an economic recovery in the country. Moreover, Seoul shares gained as investors priced in a 25-bps hike at next week's Fed meeting.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,250.55 | 23.66 | 0.73 |
Hang Seng | 19,518.59 | 314.68 | 1.61 |
Jakarta Composite | 6,678.24 | 112.51 | 1.68 |
KLSE Composite | 1,411.73 | 20.13 | 1.45 |
Nikkei 225 | 27,333.79 | 323.18 | 1.18 |
Straits Times | 3,183.28 | 27.74 | 0.87 |
KOSPI Composite | 2,395.69 | 17.78 | 0.74 |
Taiwan Weighted | 15,452.96 | 231.84 | 1.50 |