Most of the Asian markets barring Nikkei 225 and Taiwan Weighted concluded Friday’s trade in green. Japan’s Nikkei fell snapping a four-day winning streak, as investors opted to book profits from a recent sharp rally in real estate and construction firms as doubts emerged on Tokyo’s chances of winning its bid to stage the 2020 Summer Olympics. Seoul shares edged higher to a fresh three-month closing high as foreigners extended their buying streak to 11 sessions, though gains were capped as investor’s awaited crucial US jobs data. Foreign investors were net buyers of 423.4 billion won ($385.48 million) of local shares and 1.5 trillion won for the week.
Japan’s index of leading economic indicators rose less-than-expected last month, official data showed. The Cabinet Office stated that Japan’s index of leading economic indicators rose to a seasonally adjusted 107.8, from 107.2 in the preceding month whose figure was revised up from 107.0. Singapore overtook Japan as Asia’s biggest foreign-exchange center for the first time as trading surged in the past three years, the city’s central bank reported, citing a survey by the Bank for International Settlements. Separately, China re-launched trade of its treasury bond futures today, 18 years after banning it following a multi-billion-yuan trading scandal. The three five-year treasury bond futures contracts started trading on the Shanghai-based China Financial Futures Exchange.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2139.99 | 17.56 | 0.83 |
Hang Seng | 22621.22 | 23.25 | 0.10 |
Jakarta Composite | 4072.35 | 21.49 | 0.53 |
KLSE Composite | 1723.80 | 2.83 | 0.16 |
Nikkei 225 | 13860.81 | -204.01 | -1.45 |
Straits Times | 3048.35 | 8.90 | 0.29 |
KOSPI Composite | 1955.31 | 3.66 | 0.19 |
Taiwan Weighted | 8164.20 | -4.90 | -0.06 |
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