Home Stocks Asia stocks mostly higher yet investors remain cautious

Asia stocks mostly higher yet investors remain cautious

by Amwal Al Ghad English
stock markets

Asia stocks traded mostly higher on Friday but investors remained cautious after U.S. lawmakers seemed unable to move forward with a coronavirus stimulus bill.

Australia’s ASX 200 rose 0.58% to 6,126.20, with most sectors notching gains. The heavily-weighted financials subindex wavered between gains and losses before advancing 0.23%. Shares of major banks in the country were mostly up but Commonwealth Bank shares declined 0.93%.

In Japan, the Nikkei 225 added 0.17% to 23,289.36 while the Topix index gave up earlier gains to finish near flat at 1,623.38. South Korea’s Kospi index declined 1.23% to 2,407.49 and Hong Kong’s Hang Seng index was near flat in late-afternoon trade.

Chinese mainland shares rose: The Shanghai composite was up 1.19% at 3,360.1, the Shenzhen component index added 1.49% to 13,489.01 and the Shenzhen composite was up 1.25% at 2,244.17.

Major indexes in India and Indonesia also rose while Singapore’s Straits Times Index fell 0.34% in afternoon trade.

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