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12-Oct2018

Asian markets trade mostly in green in early deals on Friday

Most of the Asian markets are trading in green in early deals on Friday as US stock futures recovered in Asian trades after media reports indicated that the US Treasury Department has not labelled China as a currency manipulator in an internal report. Though, Japan's Nikkei fell as investors maintained their risk aversion after Wall Street extended its slide overnight, dragging down recent winners such as insurers. Among the other Asian markets, Singapore, Hong Kong, Taiwan, South Korea, Indonesia and Malaysia are higher. Bucking the trend, Shanghai is lower.

Hang Seng added 297.16 points or 1.16% to 25,563.53, Jakarta Composite gained 53.46 points or 0.93% to 5,756.28, Straits Times increased 5.69 points or 0.19% to 3,053.08, KOSPI Shares rose 29.48 points or 1.37% to 2,159.15, Taiwan Weighted jumped 157.86 points or 1.58% to 9,963.97, and FTSE Bursa Malaysia KLCI up by 13.77 points or 0.81% to 1,722.26.

On the flip side, Nikkei 225 dropped 88.54 points or 0.39% to 22,502.32, and Shanghai Composite down by 3.22 points or 0.12% to 2,580.24.


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