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Asian markets trade mostly higher in early deals on Friday

15 Dec 2023 Evaluate
Most of the Asian markets traded higher in early deals on Friday, kindled by the risk appetite in the market tracking better than expected Chinese industrial output data, prospects of Fed interest rate cuts, strong Hong Kong manufacturing numbers and as Indonesian trade surplus decreased to four month low. Meanwhile, investor sentiments also buoyed as the Malaysia 10 Year Government Bond Yield decreased to a 20-month low. Japan’s Nikkei soared higher with the positive global trend overnight and investors braced robust services sector data of the country.

Nikkei 225 up by 341.86 points 1.05% to 33,028.11, Hang Seng rose 491.43 points 2.91% to 16,893.62, Taiwan Weighted lifted 10.42 points or 0.06% to 17,663.53, KOSPI Index widened 23.82 points or 0.94% to 2,568.00, Jakarta Composite enlarged by 4.01 points or 0.06% to 7,180.03, Shanghai Composite increased by 9.50 points or 0.32% to 2,968.49, and FTSE Bursa Malaysia KLCI added by 3.76 points or 0.26% to 1,460.02

On the flip side, Straits Times down 10.83 points or 0.35% to 3,112.12.

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