Asian markets traded in green in early deals on Friday, kindled by the risk appetite in the market after the Federal Reserve delivered its third 25 bps interest rate cut of the year and maintained a less hawkish tone than expected. Investor sentiments got boosted with the signals from China’s annual economic planning meeting to broad support measures for the economy. Japan’s Nikkei soared in the session with the positive global trend and on weaker local currency yen.
Nikkei 225 surge by 529.18 points or 1.06% to 50,678.00, Straits Times jumped by 55.74 points or 1.23% to 4,576.57, Hang Seng soared by 429.49 points 1.68% to 25,960.00, KOSPI Index enlarged by 42.06 points or 1.02% to 4,152.68, Taiwan Weighted widened by 127.03 points or 0.45% to 28,151.78, and Jakarta Composite rose by 38.64 points 0.45% to 8,659.12, Shanghai Composite added by 11.97 points or 0.31% to 3,885.29, and FTSE Bursa Malaysia higher by 10.84 points or 0.67% to 1,636.23.
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