Asian markets end mostly higher on Friday

23 Nov 2024 Evaluate

Asian markets ended mostly higher on Friday following gains on Wall Street as investors shook off initial concerns over Nvidia Corp.’s revenue outlook. Market sentiment in Japan improved considerably after headline inflation slowed to a nine-month low. The Ministry of Internal Affairs and Communications said overall consumer prices in Japan were up 2.3 percent on year in October. That was in line with expectations and down from 2.5 percent in September. However, the latest survey from Jibun Bank revealed that the manufacturing sector in Japan continued to contract in November, and at a faster pace, with a manufacturing PMI score of 49.0. That's down from 49.2 in October, although it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Chinese and Hong Kong markets were slipped as worries about economic growth as well as concerns about the efficacy and sufficiency of stimulus measures contributed to a sell-off in mainland China and Hong Kong.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,267.19	-103.21	-3.16
Hang Seng	19,229.97	-371.14	-1.93
Jakarta Composite	7,195.56	54.65	0.77
KLSE Composite	1,589.78	1.10	0.07
Nikkei 225	38,283.85	257.68	0.67
Straits Times	3,746.02	6.80	0.18
KOSPI Composite	2,501.24	20.61	0.82
Taiwan Weighted	22,904.32	348.66	1.52

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