Asian stock markets traded mixed to higher on Friday following a tech-led rally on Wall Street.
Asian stock markets showed mixed results on Friday, with several regional benchmarks gaining from the tech-led rally on Wall Street. Japan's Nikkei 225 rose 1.3% to finish at 65,020.94, while South Korea's Kospi gained 1.7% to the 6,690.72 level.
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Hong Kong's Hang Seng jumped 1.8% to 25,658.73. In contrast, Australia's S&P/ASX 200 declined 0.2% to 9,005.90, and the Shanghai Composite lost 0.5% to 3,921.40. These gains were bolstered by overnight performance on Wall Street, where the S&P 500 rose 1.1%, the Dow Jones Industrial Average gained 1.2%, and the Nasdaq composite closed 1.4% higher. Federal Reserve Governor Christopher Waller signaled a preference to hold interest rates steady if inflation continues to moderate next week. Waller said that if new data shows inflation is cooling, he would be inclined to keep the benchmark interest rate unchanged. Should the data show hotter inflation, he would consider a rate hike.
Sources
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Asian benchmarks mostly rise after tech stocks lead rally on Wall Street
Yahoo Finance
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Asian stocks surge as Waller’s dovish rate comments lift investor risk appetite; eyes on U.S. non-farm payrolls data
Seeking Alpha