Lola Evans
13 May 2022, 17:29 GMT+10
SYDNEY, NSW, Australia - Stock markets in Asia rebounded Friday with major gains recorded in Japan, Australia, Hong Kong, mainland China, and South Korea.
In Tokyo, the Nikkei 225 advanced 678.93 points or 2.64 percent to 26,427.65.
The Australian All Ordinaries rallied 141.10 points or 1.97 percent, to close Friday at 7,307.70.
South Korea's Kospi Composite surged 54.16 points or 2.12 percent to 2,604.24.
In China, the Shanghai Composite gained 29.29 points or 0.96 percent to 3,084.28.
The Hang Seng in Hong Kong jumped 518.43 points or 2.68 percent to 19,898.77.
In New Zealand, the S&P/NZX 50 went against the trend, dipping 9.18 points or 0.08 percent to 11,168.18.
The U.S. dollar remained well bid during the Asian trading zone. The euro steadied at1.0397 around the Sydney close Friday. The British pound was weak at 1.2214. The Japanese yen was little changed at 128.72. The Swiss franc eased a tad to 1.0025.
The Canadian dollar was range-bound at 1.3017. The Australian dollar was friendless at 0.6882. The New Zealand dollar remained weak at 0.6247.
Overnight on Wall Street, the Dow Jones industrials fell 103.81 points or 0.33 percent to 31,730.30.
The Standard and Poor's 500 dipped 5.10 points or 0.13 percent to 3,930.08.
The Nasdaq Composite gained 6.73 points or 0.06 percent to 11,370.96.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationHANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...
TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...
Islamabad [Pakistan], March 23 (ANI): Fawad Chaudhary, senior vice president of Pakistan Tehreek-e-Insaf (PTI) has claimed that his party would ...
Islamabad [Pakistan], March 23 (ANI): Several government officials were among more than 300 people detained by the capital police in ...
New Delhi [India], March 23 (ANI): The Ministry of External Affairs on Thursday highlighted that during India's SCO presidency, it ...
Islamabad [Pakistan], March 23 (ANI): Tribal communities of Federally Administered Tribal Area (FATA) are facing lots of trouble since the ...
NEW YORK, New York - As concerns over the banking sector eased, U.S. stocks moved moderately higher on Thursday, but ...
MEXICO CITY, Mexico: Amid Tesla's plan to open a $5 billion Gigafactory in the country, Mexico will soon become an ...
PARIS, France: Amidst the mass deaths of dolphins and porpoises in recent years, France's highest administrative body has ordered the ...
MANILA, Philippines: An underwater robot from Japan has located a leaking fuel tanker, MT Princess Empress, which sank off the ...
NEW YORK, New York - A hike in official U.S. interest rates of 0.25 percent, and a jump in inflation ...
SEATTLE, Washington: In a memo to staff sent this week, Amazon CEO Andy Jassy said the company plans to cut ...