Asian equity indices are trading on an optimistic note on the last trading day of the week and the markets in the region bounced back after yesterday’s pounding on supportive cues from overnight US markets which surged around one and half a percent on the back of the slew of good economic reports that helped to put aside the fear of Japanese crisis. Japanese equities surged close to two percent points after the G7 industrial nations agreed to jointly intervene in the currency market to stem the sharp rise in yen against the American greenback. The South Korean benchmark too surged over a percent lifted by foreign investors buying while buying interests in refiners too underpinned sentiments in the trade today.
Shanghai Composite climbed 17.80 points or 0.61% to 2,915.10, Hang Seng advanced 111.93 points or 0.50% to 22,396.36, Jakarta Composite amassed 18.09 points or 0.52% to 3,502.30, KLSE Composite gained 4.00 points or 0.27% to 1,496.09, Nikkei 225 jumped 158.26 points or 1.77% to 9,120.93, Straits Times added 11.14 points or 0.38% to 2,954.02, Seoul Composite surged 22.87 points or 1.17% to 1,981.90 and Taiwan Weighted soared 95.01 points or 1.15% to 8,377.70.
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