After the fall on Thursday, Asian markets are showing fast on Friday, on the last day of the week.
After yesterday’s sell-off, buying is being done in Asian markets today, which has strengthened the indices too. However, analysts believe that investors’ attention is still on the prospect of negotiations between the US-China and the trade agreement.
Earlier, the firm continued to gain strength in the fifth straight session in the US market on Thursday amidst a mixed statement by Federal Reserve Chairman Jerome Powell. Powell repeated the views of other policymakers in his statement that the Fed will keep march in increasing the interest rate. But he also said that the central bank’s balance sheet will remain small for this. They also expressed concern about the size of the American debt.
According to Indian time, at 8.42 in the morning, Nikkei of Japan is 142.36 points or 0.71% with an increase of 20,306.16. On the other hand, Hong Kong’s Hang Seng is up 50.00 points or 0.19% to 26,571.43. In China, Shanghai Composite has 0.10% and Singapore’s Straits Times is looking strong at 0.37%.
In addition, 0.37% in South Korea’s Kospi and Taiwan’s Taiwan Weighted have a strength of 0.38%.
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