Snapping their three days southward journey, most of the Asian equity indices have made a positive start and are trading in the green terrain in Friday’s morning deals as sentiments remained up-beat after US economic data overshot estimates and on bets the Federal Reserve will keep its record stimulus. Back on regional turf, the Japanese market surging by about two and a half percent in early deals, rebounding from their biggest drop in three weeks as the yen fell overnight. Meanwhile, South Korean shares too traded higher in morning deals after slumping to a seven-month closing low on Thursday on selling by foreign investors. However, investors in the region remained anxious ahead of next week’s Federal Reserve policy meeting.
Shanghai Composite rose 4.61 points or 0.21% to 2,152.96, Hang Seng surged 206.46 points or 0.99% to 21,093.50, Jakarta Composite zoomed 139.26 points or 3.02% to 4,746.92, KLSE Composite increased 13.21 points or 0.76% to 1,756.08, Nikkei 225 soared 307.32 points or 2.47% to 12,752.70, Straits Times added 25.43 points or 0.81% to 3,156.12 and KOSPI Composite was up by 3.92 points or 0.21% to 1,886.65.
On the flip side, Taiwan Weighted was down by 25.63 points or 0.32% to 7,926.03.
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