Asian stock markets closed mostly higher this Friday (5), amid expectations that China’s growth will gain strength with the reversal of the “Covid zero” policy and incentive measures for the real estate sector and also waiting for the latest US employment report.
The Japanese Nikkei index rose 0.59% in Tokyo, to 25,973.85 points, while the South Korean Kospi advanced 1.12% in Seoul, to 2,289.97 points, and the Taiex registered gain of 0.51% in Taiwan , at 14,373.34 points.
In mainland China, the Shanghai Composite had a marginal increase of 0.08%, to 3,157.64 points, and the less comprehensive Shenzhen Composite showed an advance of 0.17%, to 2,040.53 points.
Investors are buoyed by the progress of China’s reopening despite renewed outbreaks of Covid-19, and by Beijing’s willingness to help the real estate sector weather its crisis. The hope is for robust growth after the Asian giant overcomes the pandemic.
On the contrary, the Hang Seng migrated to the red in the last hour of business, ending the session with losses of 0.29%, at 20,991.64 points.
Operators in Asia and in other parts of the world are also awaiting the US employment report – the so-called payroll – for December, which will be released this Friday morning.
On Thursday, strong data from the US labor market refueled fears that the Federal Reserve (Fed, the US central bank) may maintain the aggressive stance on raising interest rates.
In Oceania, the Australian stock exchange was in the blue, favored by shares of mining companies. The S&P/ASX 200 advanced 0.65% in Sydney to 7,109.60 points.
Source: CNN Brasil
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