Asian stocks close higher, after less tension in Taiwan and waiting for payroll

Asian stocks closed higher on Friday (5), amid the reduction of geopolitical tensions linked to Taiwan and on the expectation of new US labor market data.

Japan’s Nikkei stock index rose 0.87% in Tokyo to 28,175.87 points, helped by shares of companies that reported positive earnings, while the Hang Seng gained 0.14% in Hong Kong, at 20,201.94 points, and the South Korean Kospi gained 0.72% in Seoul, at 2490.80 points.

In Taiwan, the Taiex jumped 2.27% to 15,036.04 points, putting aside the recent caution that dominated business during the controversial visit that the Speaker of the US House of Representatives, Nancy Pelosi, made to the island this week. , to the displeasure of the Chinese government.

In a speech in Japan, Pelosi said the US “will not allow” China to isolate Taiwan. Meanwhile, the Chinese continued with military exercises on the outskirts of the island.

Buoyed by banking stocks, Chinese stocks were also in the black. The Shanghai Composite was up 1.19% to 3,227.03 points, and the less comprehensive Shenzhen Composite gained 1.44% to 2,166.01 points.

Investors in Asia and other parts of the world are also waiting for the publication, in the next few hours, of the US employment report, the so-called payroll, which is crucial for the Federal Reserve’s interest rate decisions (Fed, the American central bank).

How resilient the country’s labor market is will help determine the pace at which the Fed continues to raise rates in the coming months.

In Oceania, the Australian S&P/ASX 200 index advanced 0.58% on the Sydney stock exchange, at 7,015.60 points, supported by mining shares.

With information from Dow Jones Newswires