Asian share markets end week with robust increases

2022-11-13 03:47:45

(MENAFN) Main Asian share markets closed Friday with robust earnings as lower-than-estimated US data drove bets that US Federal Reserve slow its hawkish rate rises, in addition to facilitate of COVID-19 actions in China.

Yearly consumer inflation in the US came in at 7.7 percent last month, decreasing from an 8.2 percent yearly earn in the month before (September), as shown by the Labor Department numbers issued on Thursday.

The Asia Dow, which contains blue-chip firms in the area, climbed 5.69 percent to 3,164.36 points on Friday. On a week on week basis, it rose by 8.98 percent.

Tokyo’s Nikkei 225 stock exchange jumped 2.98 percent to 28,263.57. The index was 3.91 percent higher this week.

The Hang Seng, the main for blue-chip shares exchanging on the Hong Kong stock exchange, enjoyed the biggest surge with 7.74 percent to 17,325.66 points, whereas it had a weekly surge of 7.21 percent on Friday.

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