Asian stock indexes jumped to across-the-board gains in early trading Friday, following the previous days roller-coaster trading that left markets in the red. Thursday’s gains in the U.S. and Europe apparently helped brighten sentiment as the week came to an end, as did the prospect of easing trade tensions between the U.S. and China.
was up 0.5%, as precision instruments, metals and shipping led the early gainers. Medical-device maker Terumo
was up 2%, as were Sumitomo Metal Mining
and major shipper Mitsui O.S.K.
Chinese stocks were higher, looking to end a rough week on an up note. The Shanghai Composite
was up 0.3% after four straight declines and the Shenzhen Composite
rose 0.4%. Insurers posted gains, with New China Life Insurance
up almost 2%. Tech stocks rebounded and Henan Shuanghui
recovered 1.5% after the meat producer closed a slaughterhouse because of African swine fever, reversing some of Thursday’s slide.
Hong Kong’s Hang Seng Index
, down for five straight days, gained 0.7% as tech stocks recovered. Lenovo
jumped 5.6% and Tencent
was up 3%. Financials were also solid, with insurer Ping An
up 1% following its quarterly results.
rose 0.4% as Samsung
and HK Hynix
pared the previous day’s losses.
, which has fallen six days in a row, was up 0.6%, and indexes in Taiwan
rose as well.
New Zealand’s NZX 50
jumped 0.6% as it neared a fourth straight day of gains and came close to its record closing high, set in July. Australia’s benchmark
posted modest gains as mining companies, such as Fortescue Metals
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