Asian markets trade mixed in early deals on Friday
Nikkei 225 up by 249.94 points or 0.45% to 55,528.00
Asian markets traded mixed in early deals on Friday, saddled by the risk aversion in the market amidst persistent geopolitical instability and overnight losses on Wall Street. Concerns over high valuations in the AI and technology sectors weighed on tech-heavy indices. Japan’s Nikkei advanced with the rise in foreign investments as local currency plunged in the session.
Nikkei 225 up by 249.94 points or 0.45% to 55,528.00, Hang Seng rose by 456.66 points 1.80% 25,778.00, Shanghai Composite increased by 14.06 or 0.34% to 4,122.63, and FTSE Bursa Malaysia KLCI higher by 4.19 points or 0.67% to 1,717.39.
On the flip side, Straits Times down 0.93 points 0.02% to 4,849.83, KOSPI Index dipped 5.35 points or 0.08% to 5,578.55, Jakarta Composite slipped by 201.44 points or 2.68% to 7,509.10, Taiwan Weighted lower by 95.36 points or 0.28% to 33,577.58.
