Asian Markets Rise

(MENAFN- Asian Markets Rise


Stocks markets in Asia traded mostly higher on Friday - following losses earlier in the week - after First Republic Bank was rescued by a group of major US lenders, easing worries about the current banking turmoil.
Hong Kong's Hang Seng Index gained 1.6% to 19,518.59, while Japan's Nikkei 225 Index added 1.2% to 27,333.79.
Internet search engines company Baidu saw the largest increase Friday, as shares jumped 13.7%.
Shares of semiconductors firm Semiconductor Mfg Intl and real estate services/transactions company Country Garden Holdings rose 9.6% and 7.7%, respectively.
Shares of sporting goods stores company Li Ning saw the largest drop in Hong Kong, as shares declined 9.9% on Friday.
China's Shanghai Composite Index gained 0.7% to 3,250.55.
Singapore's FTSE Straits Times Index added 0.9% to 3,183.28.
South Korea's KOSPI Composite Index increased 0.7% to 2,395.69
Australia's S&P/ASX 200 Benchmark Index increased 0.4% to 6,994.80.


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