Markets in Asia were all on the green with Hang Seng and Nikkei hovering near to their multi-year highs

Asian equities

Indices in Asia were in the green zone on Friday following a strong finish at markets in the stateside. Regional markets traded to their multi-year highs with the Hang Seng index touching its best level in ten years and Nikkei close to a 26 year high.

The Japanese benchmark Nikkei 225 index rose as high as 0.79 percent as it extended its gains from the previous session by more than 3 percent. This was driven by the good performance of its financial and auto sector.

The South Korean benchmark Kospi index edged higher more than 1.03 percent, with its auto stocks as the best performers for the day and on its last settlement. Information and technology blue chip stocks were also the leading advancers with SK Hynix adding 2.59 percent in shares and Hyundai Motors rising by 0.68 percent.

Meanwhile in the Down Under, the ASX 200 index edged up by 0.72 percent, with its financial, materials and telecommunications sector on the positive territory. Gains from its energy sector also strengthened the index after the surge of copper and iron ore prices yesterday.

Markets on the mainland were also on the green with Shenzhen Composite jumped by 0.18 percent and the Shanghai Composite rose by 0.26 percent on the day. The Hang Seng index in Hong Kong edged higher by 0.11 percent due to the good performance from its technology and financial sector. It was named the best performer among Asian indexes last 2017.


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