Most of the Asian equity indices are trading in green terrain on Friday’s morning trade tailing firm close in US markets overnight. The Japanese market has taken the lead surging by over two percent as revised fourth-quarter gross domestic product figures of the country showed that the economy returned to growth. Meanwhile, Chinese February exports grew 21.8 percent from a year earlier more than double the rise forecast, while imports fell 15.2 percent, deeper than an 8.8 percent drop forecast. Even though, the Chinese market was trading slightly in red ahead of the trade data release.
Hang Seng surged 262.61 points or 1.15% to 23,034.05, Jakarta Composite strengthened 31.13 points or 0.64% to 4,879.43, KLSE Composite rose 1.61 points or 0.10% to 1,652.54, Nikkei 225 soared 253.46 points or 2.12% to 12,221.54 and Taiwan Weighted was up by 55.55 points or 0.70% to 8,016.06.
On the flip side, Shanghai Composite declined 4.29 points or 0.18% to 2,320.00, Straits Times slipped 5.92 points or 0.18% to 3,292.62 and KOSPI Composite was down by 2.87 points or 0.14% to 2,001.53.
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