Asian markets traded mostly higher in early deals on Friday, kindled by the risk appetite in the market ahead of the key rate decision by the Federal Reserve. Rally in technological and financial sector stocks led the gains. South Korea’s KOSPI advanced with the optimism over automotive sector followed by the announcement of a strategic partnership of Hyundai Motors with France-based industrial gas supplier Air Liquide SA. Bucking the trend, Japan’s Nikkei plunged with the caution ahead of monetary policy decision of the Bank of Japan in the coming days.
Hang Seng up by 3.10 points 0.01% to 25,939.00, Taiwan Weighted rose by 114.23 points or 0.41% to 27,909.94, KOSPI Index gained 44.48 points or 1.10% to 4,072.99, Jakarta Composite surged 15.78 points or 0.18% to 8,655.98, and Shanghai Composite up by 2.05 points or 0.05% to 3,877.84.
On the flip side, Nikkei 225 fell by 625.42 points or 1.23% to 50,403.00, Straits Times down by 15.15 points or 0.33% to 4,519.99 and FTSE Bursa Malaysia lower by 8.81 points or 0.54% to 1,612.26.
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