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13-Oct2017

Asian markets trade mostly higher in early deals on Friday

Most of the Asian equity benchmarks are trading up in the early deals on Friday as investors await the release of China's trade data for the month of September later in the day. US retail sales and consumer price inflation data are also due later in the trading session. Meanwhile, Japan's Nikkei share average edged up and hit a fresh a 21-year high, helped by index heavyweight Fast Retailing, while selling of Kobe Steel continued as worries from its data fabrication scandal extended overseas. Bucking the trend, Shanghai, South Korea, Singapore, Hong Kong, and Indonesia are also modestly higher. Bucking the trend, Malaysia, and Taiwan are lower.

Nikkei 225 gained 231.09 points or 1.1% to 21,185.81, Straits Times added 14.97 points or 0.45% to 3,318.06, Jakarta Composite strengthened 11.57 points or 0.2% to 5,937.78, Hang Seng increased 9.73 points or 0.03% to 28,468.76, Shanghai Composite spurt 5.06 points or 0.15% to 3,391.16, and KOSPI Index was up by 0.69 points or 0.03% to 2,475.45.

On the flip side, Taiwan Weighted dropped 26.69 points or 0.25% to 10,684.75, and FTSE Bursa Malaysia KLCI was down by 1.36 points or 0.08% to 1,752.64.


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