Monday, 29 May 2023 09:27 GMT

China Leads Most Of Asia Upward

(MENAFN- China Leads Most of Asia Upward


Chinese stocks led gains in a mixed trading session in Asia-Pacific as investors continued to monitor recession concerns on Thursday.
In Japan, the Nikkei 225 climbed out of its cave, gaining 21.7 points, or 0.1%, to 26,171.25.
The Japanese yen traded at 135.61 per dollar, strengthening slightly after it weakened beyond 136 against the greenback earlier this week
In Hong Kong, the Hang Seng index regrouped 265.53 points, or 1.3%, to 21,273.87.
Alibaba jumped 6.4% and Xpeng spiked nearly 10%.
In economic data, Singapore announced that core inflation was at 3.6% in May compared to a year ago. That's slightly higher than the 3.5% analysts polled by Reuters expected and April's print of 3.3%.
The Australian dollar was at $0.6883 after falling from above $0.702 last week.
Mainland Chinese markets struggled for direction initially, but closed in the green.
In Shanghai, the CSI 300 regained 73.26 points, or 1.7%, to 4,343.88.
In other markets
In Singapore, the Straits Times Index pointed lower 0.51 points to 3,092.80.
In Taiwan, the Taiex index dropped 171.31 points, or 1.1%, to 15,176.44.
In Korea, the Kospi faltered 28.49 points, or 1.2%, to 2,314.32.
In New Zealand, the NZX 50 sprang back up 135.26 points, or 1.3%, to 10,813.93.
In Australia, the ASX 200 recovered 19.9 points, or 0.3%, to 6,528.45.


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