Asian Shares Follow  Wall Street High
World Economy

Asian Shares Follow Wall Street High

Asian markets rose Friday following a record close on Wall Street, while the pound rallied against other major currencies after Scottish voters rejected independence from the United Kingdom.
The surge in New York -- fuelled by the Federal Reserve’s comments on interest rates as well as hopes for a record US listing of online giant Alibaba -- helped propel the dollar towards the 110 yen mark, AFP reported.
Tokyo climbed 1.58 percent, or 253.60 points, to 16,321.17, its highest close since November 2007, while Sydney added 0.32 percent, or 17.3 points, to 5,433.1 and Seoul advanced 0.30 percent, or 6.08 points, to 2,053.82.
Shanghai finished 0.58 percent higher, adding 13.52 points to 2,329.45, while Hong Kong gained 0.57 percent, or 137.44 points, to 24,306.16.
The euro tumbled to 0.7810 pounds in Tokyo, its lowest level since July 2012, while sterling rallied to $1.6525 and a six-year high of 180.71 yen.
But later in the day the euro stood at 0.7840 pounds, while the pound pulled back to $1.6450 and 179.42 yen.

 Mumbai unchanged
Mumbai was nearly unchanged, losing just 0.08 percent or 21.79 points to end at 27,090.42 points.
Rating agency Crisil rose 7.63 percent to 2,120.35 rupees, while Suzlon Energy lost 9.93 percent to 20.40 rupees.
Bangkok added 0.04 percent, or 0.68 points, to 1,584.91.
Bumrungrad Hospital lost 2.99 percent to 130.00 baht, while oil company PTT rose 1.14 percent to 354.00 baht.
Jakarta rose 0.37 percent, or 19.44, at 5,227.58.
Asia Pacific Fibers gained 5.71 percent at 74 rupiah, while Indah Kiat Pulp & Paper lost 0.82 percent at 1,205 rupiah.
Singapore closed up 0.24 percent, or 7.76 points, at 3305.05.
Singapore Telecommunications gained 1.06 percent to Sg$3.80, while DBS bank eased by 0.44 percent to Sg$18.13.
Kuala Lumpur edged 4.17 points higher, or 0.23 percent, to close at 1,849.49 on Friday.
Banking group RHB Capital surged 2.82 percent to 9.10 ringgit, while rival AMMB Holdings added 1.02 percent to close at 6.92 ringgit.
Taipei ended flat, edging up 3.42 points to 9,240.45.
Acer rose 1.52 percent to Tw$23.4 while Hon Hai fell 0.98 percent to Tw$101.0.
Wellington rose 0.53 percent, or 27.16 points, to 5,181.35.
Fletcher Building was up 0.46 percent at NZ$8.82 and Trade Me gained 0.29 percent to end at NZ$3.50.
Manila’s markets were closed owing to a huge storm battering the capital.


Short URL : http://goo.gl/RdnPQk

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...
Uncertainty abounds in Malaysia, where a two-month-old government is only starting to give  a clearer picture of economic policy.
For Southeast Asia's biggest economies, 2018 wasn't supposed...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...
Global Growth Peaks With a Whimper
It wasn’t runaway inflation or a financial implosion. The...