Most Asian stock markets close higher<\/p>\n
HONG KONG (AP): Most Asian stock markets ended the week higher
\nFriday, boosted by sharp overnight gains on Wall Street.<\/p>\n
Hong Kong's blue-chip Hang Seng Index rose 619.02 points, or
\n4.3 percent, to close at 15,111.94. On Wednesday, the index had
\nslumped 283.98 points, or 1.9 percent.<\/p>\n
The Hong Kong market was closed on Thursday for a public
\nholiday.<\/p>\n
Brokers said bargain-hunters stepped into the market following
\nsharp gains Thursday on Wall Street, where the Dow Jones
\nindustrial average rose 178.19, or 1.7 percent, to 10,545.97.<\/p>\n
The tech-laden Nasdaq composite index rose 114.85, or 3.4
\npercent, at 3,499.58.<\/p>\n
Thursday's rebound on Wall Street came after a report of a
\nslowdown in U.S. retail sales calmed investors who have been
\nselling stocks amid fears about rising interest rates ahead of a
\nFederal Reserve policy-board meeting Tuesday.<\/p>\n
The Japanese benchmark 225-issue Nikkei Stock Average gained
\n475.40 points, or 2.8 percent, to close at 17,357.86. On
\nThursday, the average closed down 819.01 points, or 4.63 percent.<\/p>\n
Buying in Tokyo centered on information technology issues in
\nline with a similar move in U.S. stocks Thursday.<\/p>\n
In currency trading, the U.S. dollar was quoted at 108.30 yen,
\ndown 1.40 yen from its late level Thursday in Tokyo and also
\nbelow its overnight New York level of 108.53 yen.<\/p>\n
Taiwan shares also closed higher, boosted by overnight gains
\nin U.S. stocks. The Weighted Stock Price Index rose 210.53
\npoints, or 2.5 percent, to 8,560.44.<\/p>\n
Thai shares surged on a strong rebound. The Stock Exchange of
\nThailand Composite Index rose 9.13 points, or 2.7 percent, to
\n345.67.<\/p>\n
Bucking the trend was the Seoul Stock Exchange, where prices
\nfell due to foreign selling in blue chips. The Korea Composite
\nStock Price Index fell 19.21 points, or 2.5 percent, to 740.30.<\/p>\n
In Jakarta, Indonesian shares closed lower on fears of a
\npossible interest rate hike. The Composite Index fell 0.4
\npercent, or 2.324 points, to 526.877.<\/p>\n
In Singapore, share prices closed higher on a technical
\nrebound following a 2.6 percent slide Thursday, and the overnight
\ngains on Wall Street. The Straits Times Index rose 1.1 percent,
\nor 22.93 points, to close at 2,026.65.<\/p>\n
In Manila, Philippine stocks closed higher on a technical
\nrebound following recent losses. The 30-company Philippine Stock
\nExchange Index rose 34.10 points, or 2.3 percent, to 1,539.31.<\/p>\n
In Sydney, Australian share prices closed higher, driven by
\ninvestor demand for telecommunication and technology stocks. The
\nAll Ordinaries Index rose 37.2 points, or 1.2 percent, to 3,004.<\/p>\n
In Kuala Lumpur, Malaysian shares closed lower on jitters over
\na possible rise in U.S. rates. The Composite Index of 100 blue-
\nchip stocks closed fell 8.05 points, or 0.9 percent, to 912.66.<\/p>\n
In Wellington, New Zealand share prices closed higher on
\nselective buying in telecommunications-related stocks. The
\nbenchmark NZSE-40 Capital Index rose 9.55 points, or 0.5 percent,
\nto 2,030.37.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/most-asian-stock-markets-close-higher-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}