Most of the Asian equity indices are trading in green in Friday’s morning trade led by Japanese equities which soared to fresh five-year highs as the dollar breaks above the symbolic 100 yen level. Meanwhile, capital flows data showed Japanese investors were net buyers of foreign bonds in the last two weeks, reversing their relentless net selling since late January. They repatriated a total of 9.33 trillion yen in January-April. However, the gains remain capped as traders opted to book some of their profit from recent rallies.
Shanghai Composite rose 1.21 points or 0.05% to 2,234.18, Jakarta Composite increased marginally by 1.06 points or 0.02% to 5,090.39, KLSE Composite jumped 1.64 points or 0.09% to 1,767.71, Nikkei 225 soared 419.33 points or 2.95% to 14,610.81 and Straits Times was up by 3.10 points or 0.09% to 3,435.88.
On the flip side, Hang Seng declined 37.79 points or 0.16% to 23,173.69, KOSPI Composite dropped 26.74 points or 1.35% to 1,952.71 and Taiwan Weighted was down by 19.33 points or 0.23% to 8,266.56.
