Asian stocks closed higher on Friday (27), following the New York markets, which the day before rose in the wake of positive balances from US retailers.
The Hang Seng index led the gains in Asia today, up 2.89% in Hong Kong, at 20,697.36 points. Local shares in e-retail giant Alibaba and Baidu — known as “China’s Google” — jumped 12.21% and 14.26%, respectively, after the companies reported better-than-expected quarterly results, alleviating concerns about effects of the Chinese government’s “zero tolerance” policy against covid-19.
Elsewhere in the Asian region, Japan’s Nikkei rose 0.66% in Tokyo to 26,781.68 points, while South Korea’s Kospi rose 0.98% in Seoul to 2,638.05 points and the Taiex gained 1 .86% in Taiwan, at 16,266.22 points.
In mainland China, stocks performed more modestly: the Shanghai Composite rose 0.23% to 3,130.24 points, and the less comprehensive Shenzhen Composite was flat at 1,955.03 points.
Official data showed China’s industrial profit fell 8.5% year-on-year in April, virtually reversing the previous month’s gains, amid the effects of lockdowns driven by waves of Covid-19 in major cities across the country.
In Oceania, the Australian stock market followed the positive tone of Asia and Wall Street, and the S&P/ASX 200 registered a rise of 1.08% in Sydney, at 7,182.70 points.
With information from Dow Jones Newswires
Source: CNN Brasil
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