Asian markets traded mostly higher in early deals on Friday, kindled by the bargain hunting in technology and semiconductor sector stocks after a sharp, multi-day dip followed by AI-sector debt concerns. Stabilizing global bond markets and a significant drop in US Treasury bond yield notes also supported investor sentiments. Japan's Nikkei index advanced as export-heavy automakers and electronics manufacturers gained as the foreign investments improved with the weak local currency yen.
Nikkei 225 soared by 1,294.05 points or 2.01% to 65,720.00, Straits Times up by 39.19 points or 0.73% to 5,442.69, Hang Seng surged by 253.28 points or 1.05% to 24,316.00, KOSPI Index skyrocketed by 234.90 points or 4.23% to 5,789.12, Taiwan Weighted rose by 281.81 points or 0.60% to 47,251.68, and Shanghai Composite higher by 19.94 points or 0.54% to 3,727.42
On the flipside, Jakarta Composite down by 630.78 points or 12.05% to 5,233.00, and FTSE Bursa Malaysia KLCI index curtailed by 10.75 points or 0.66% to 1,612.95.
