Most of the Asian equity indices are trading in fine fettle in Friday’s morning deals as global markets bounced back overnight on the back of some weaker than expected economic data that eased concerns about Federal Reserve’s tapering down of the stimulus program. Some strength also came in as Japanese markets rallied about a percent after the nation’s industrial production rose a seasonally adjusted 1.7 per cent in April from the previous month for the fifth straight month of increase.
Shanghai Composite rose 0.77 points or 0.03% to 2,318.52, KLSE Composite increased 2.39 points or 0.13% to 1,777.31, Nikkei 225 surged 132.52 points or 0.98% to 13,721.55, KOSPI Composite added 3.89 points or 0.19% to 2,003.99 and Taiwan Weighted was up by 27.60 points or 0.33% to 8,270.89.
On the flip side, Hang Seng slipped 24.49 points or 0.11% to 22,459.82, Jakarta Composite declined 20.29 points or 0.40% to 5,109.36 and Straits Times was down by 23.48 points or 0.70% to 3,312.53.