Economic news

Asian stocks in green on MSCI announcement

Asian stock markets grew on Friday on post about MSCI global presence expansion and on refreshed trade deal hopes that both sides will come soon to an agreement during the nearest weeks.

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Japan’s Nikkei 225 added 1.02 percent to 21,602.69 at 8.35 GMT, having hit a 10.52 percent increase since the beginning of the year.

  • China’s Shanghai Composite boosted by 1.80 percent to 2,994.01;

  • Hong Kong’s Hang Seng rose by 0.63 percent to 28,812.17;

  • Australia’s ASX 200 showed a 0.38 percent jump to 6,192.7.

Singapore’s shares grew by 0.16 percent, while Malaysia’s and Indonesia’s stocks dropped by 0.49 percent and 1.26 percent respectively.

The market participants are in wait for tariff battle eventuating. While progress on tech issues was slow, Trump said he would set aside tariffs to have more time to talk, but he had not said how long.

The stocks were supported also by an announcement from leading indexes and analytics provider about its shareholding expansion.

The Friday’s gainers are Nippon Suisan Kaisha with 4.39 percent jump, Sumitomo Dainippon with 6.30 percent rise and TDK with 4.25 percent growth.


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