Asian market finish mostly in green on Friday

09 Aug 2024 Evaluate

Asian markets finished mostly in green on Friday, as the risk appetite got lifted after better-than-expected US weekly jobs data eased recession fears. Rally in technological sector stocks with strong demand in Artificial Intelligence chips kindled the indices in the session. Hang Seng logged third consecutive gain and logged gain of 0.85% for the week. On the flip side, China's Shanghai retreated after consumer prices soared to a five-month high with the weather disruptions and as producer deflation persisted. Moreover, caution ahead to retail trade and industrial output data due next week saddled Shanghai investments. Stock market of Singapore was closed for National day holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,862.19	-7.71	-0.27
Hang Seng	17,090.23	198.40	1.16
Jakarta Composite	7,257.00	61.88	0.85
KLSE Composite	1,596.05	5.67	0.36
Nikkei 225	35,025.00	193.85	0.55
Straits Times	--	--	--
KOSPI Composite	2,588.43	31.70	1.22
Taiwan Weighted	21,469.00	598.90	2.79

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