• MTS Futures News_PM_20160311

    11 Mar 2016 | SET News


Japanese stocks rose on Friday as a weaker yen boosted the profit outlook for exporters while a bounce in global oil prices improved risk appetite.

Trade was choppy, with the Nikkei share average trading in negative territory earlier.

It swung into positive territory after a bounce in the dollar against the yen offset earlier negative sentiment triggered by European Central Bank's suggestion it was running out of room for further interest rate cuts.

The Nikkei gained 0.5 percent to 16,938.87. but the benchmark index fell 0.4 percent over the week.

Hong Kong shares rose over 1 percent on Friday as Asian markets clawed back earlier losses incurred after the European Central Bank signalled it had limited room for further policy easing.

The Hang Seng index rose 1.1 percent to 20,199.60, while the China Enterprises Index gained 1.7percent to 8,561.37 points.

For the week, Hang Seng rose only 0.1 percent, as its month-long rally lost steam.

All main sectors rose, with resources shares leading the charge, up nearly 3 percent.

China stocks ended Friday slightly higher, reversing initial losses, as the banking sector regained some composure in late afternoon trading.

The blue-chip CSI300 index .CSI300 rose 0.2 percent, to 3,018.28, while the Shanghai Composite Index .SSEC gained 0.2 percent, to 2,810.31 points.

But for week, CSI300 was down 2.4 percent while the SSEC was off 2.2 percent, as the recent rally petered out.


Reference: Reuters

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