Asian Markets Rise


(MENAFN- Baystreet.ca) Asian Markets Rise






Advertisment

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.
Elsewhere
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.









MENAFN17032023000212011056ID1105804629


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.