Asian markets traded in green in early deals of Friday, boosted by the risk appetite in the market after strong US retail figures and a considerable dip in US jobless claims trivialized recession fears. Moreover, bets for more stimulus in China mounted after July industrial output growth dipped to a 4-month low and on sluggish property sector indicators. Hang Seng is in track of its second straight weekly gain. Japan’s Nikkei is trading near its two-week high, as the concerns over BoJ raising interest rate eased after robust second quarter economic data from Japan.
Nikkei 225 up by 1,135.49 points 3.09% to 37,862.13, Straits Times rose by 36.22 points 1.09% to 3,351.95, KOSPI Index climbed by 47.92 points or 1.81% to 2,692.42, Taiwan Weighted jumped by 430.50 points or 1.97% to 22,325.67, Jakarta Composite added by 40.64 points or 0.55% to 7,450.14, Hang Seng lifted by 288.47 points 1.69% to 17,397.61, Shanghai Composite enlarged by 2.65 points or 0.09% to 2,880.01, and FTSE Bursa Malaysia KLCI enlarged by 5.84 points or 0.36% to 1,618.78.
