TOKYO/HONG KONG/SHANGHAI/SYDNEY (dpa-AFX) – The inconsistent development on the most important Asia-Pacific stock exchanges continued on Friday. While markets in Japan and Australia rose, most other trading venues posted losses. Shares in the region also fell slightly on a weekly basis.
After the holiday break the day before, Tokyo went up comparatively significantly. Deutsche Bank’s market strategists referred to statements by the nominated head of the central bank, Kazuo Ueda, who is currently relaxing monetary policy have known. Meanwhile, Japan’s core consumer price inflation was even higher in January than in December. However, according to the market strategists at Deutsche Bank, the growth fell slightly short of expectations. The leading index Nikkei-225 (Nikkei 225) increased by 1.29 percent to 27,453.48 points.
The Australian stock exchange recorded moderate gains, following the US guidelines. Wall Street recovered somewhat from previous losses Thursday with modest gains. Australia’s S&P ASX 200 closed 0.30 percent higher at 7307.03 points.
The Chinese stock exchanges, on the other hand, recorded losses. The CSI index (CSI 300) with the 300 most important values of the Shanghai and Shenzhen stock exchanges fell by 1.04 percent to 4061.05 points. The Hang Seng Index (Hang Seng) in Hong Kong recently lost 1.55 percent to 20,035.04 points. Losses in technology stocks weighed on here. The stock exchanges in South Korea, India and Taiwan also weakened./mf/jha/