Summary
- Asia markets opened on a mixed note on Friday.
- Chinese shares were in the red.
- Overnight, the S&P 500 closed at a record high.
The equity markets in the Asia-Pacific (APAC) were mixed in Friday trade, after overnight gains on Wall Street that saw the S&P 500 sailing to a record closing level.
The markets in the region’s largest as well as the second largest economy were trading in the red. In Mainland China, the Shanghai Composite Index was down 26 basis points (bps), while the Shenzhen Component was 67 bps down.
Towards far east in Japan, the Nikkei 225 was down 12 bps.
Meanwhile, in the Chinese autonomous region of Hong Kong, the Hang Seng index was up 42 bps.
In Taipei, the Taiwan Weighted Index was up 37 bps.
In Australia, the ASX200 was 17 bps firmer.
Morgan Stanley Capital International’s broadest index of Asia-Pacific shares traded 35 bps higher.
Overnight, in Wall Street, the S&P 500 rose nearly 50 bps to a record closing high of 4,239.18. On the other hand, the Dow Jones Industrial Average climbed 19.1 points to 34,466.24 while the Nasdaq Composite gained 78 basis points to 14,020.33.
The gains in Wall Street came despite the retail inflation in the country hitting the highest level in 13 years.