Hong Kong stocks open up 0.23 percent
Hong Kong stocks rose 0.23 percent in early Friday trade after US shares fell for a second consecutive day following disappointing earnings reports.
Hong Kong stocks rose 0.23 percent in early Friday trade after US shares fell for a second consecutive day following disappointing earnings reports.
Tokyo stocks opened slightly lower Friday despite another record performance on Wall Street but analysts said the market was still on an overall upward trajectory, supported by the weak yen.
Tokyo stocks lost early gains Friday morning as investors took their bets off the table in low-volume trade with many regional and overseas markets closed for public holidays, dealers said.
Japanese shares opened 0.48 percent higher Friday, as investors continued to rally around the yen’s depreciation.
Hong Kong shares rose 0.75 percent by the break on Friday after China released better-than-expected growth data for 2012.
Tokyo stocks opened 1.72 percent higher Friday after the dollar hit its highest level in more than two-and-a-half years against the yen.
Tokyo stocks opened 1.25 percent higher on Friday as the yen plunged on expectations that the Bank of Japan would take further easing measures at a policy meeting in late January.
Hong Kong shares rose 0.26 percent in early trade on Friday morning despite a lack of progress in Washington talks aimed at averting the fiscal cliff.
Chinese shares were up 0.27 percent in early trade Friday but investors were still awaiting possible government action to boost the domestic economy, dealers said.
The Philippines is probably the only country for which the International Monetary Fund is upgrading its growth forecast for 2012, the IMF’s managing director Christine Lagarde announced at a Malacañang news briefing Thursday.
The dollar rose against the euro and yen in Asia on Friday, backed by fresh concerns over Greece and dire outlooks for major Japanese companies.
Chinese shares were up 0.16 percent in early trading on Friday due to gains in US stocks and economic data which showed an improvement in the domestic economy, dealers said.
