Friday, 25 January 2019 16:23 WIB |
MARKET UPDATE |MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik
Happy Friday indeed, with four major stock benchmarks across Asia gaining at least 1 percent at some point today.
Comments that the U.S.-China trade negotiations are œmiles and miles away from getting a resolution didn't deter equity bulls, and regional stocks have shown some resilience to close out a third straight week of advances. The last time they saw a winning streak like this was in July.
Thanks to a tech rally, the benchmark MSCI Asia Pacific Index advanced a second day, as markets across the region including Tokyo, Hong Kong, South Korea and Taiwan surged
The weekly gains in Asia contrast with the wider global benchmark MSCI All-Country World Index, which is on track for a 0.6 percent loss, its first in five weeks. As the earnings season continues apace, wider concerns remain about the health of the global economy amid ongoing trade talks, a record U.S. government shutdown and the latest developments on Brexit.
South Korea's Kospi index up 1.5%; Kospi 200 up 1.8%, Australia's S&P/ASX 200 up 0.7%; New Zealand's S&P/NZX 50 little changed, Taiwan's Taiex index up 0.9%.
India's S&P BSE Sensex Index up 0.5%; NSE Nifty 50 up 0.4%.
Singapore's Straits Times Index up 0.5%; Malaysia's KLCI up 0.2%; Philippine Stock Exchange Index down 0.1%; Jakarta Composite up 0.3%; Thailand's SET little changed; Vietnam's VN Index little changed.