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Shanghai Enters Bull Market

Stocks in Shanghai entered a bull market but other Asian markets stuttered on Friday as the rally in the dollar following Donald Trump's win in the U.S. presidential election dampened demand for emerging market assets.

The Nikkei 225 in Japan gained 30.37 points, or 0.2%, to end a rollercoaster week at 17,374.79,

The Hang Seng Index in Hong Kong fell 308.02 points, or 1.4%, to 22,531.09

In Australia, the benchmark ASX 200 closed up, buoyed by its heavily-weighted financials subindex, which was up 2.9%

Major miners in Australia were also higher, with Rio Tinto up 2.4%, Fortescue Metals Group 4.5% higher and BHP Billiton up 2.1%.

South Korea's Kospi ended lower after the Bank of Korea left rates at a record-low of 1.25% and the won had softened to 1,163.63 against the dollar as late afternoon. On the U.S. Election Day, the won strengthened as much as 1,127 per dollar.

CHINA

The CSI 300 in Shanghai marched ahead 26.61 points, or 0.8%, to 3,417.22

The yen snapped a five-day losing streak against the U.S. dollar, tracking at 106.53 as of mid-afternoon Friday. It was at 102 levels earlier this week.

In other markets

In Korea, the Kospi dropped 18.17 points, or 0.9%, at 1,984.43

The Straits Times Index in Singapore slipped 19.49 points, or 0.7%, to 2,814.60

In Taiwan, the Taiex Index tumbled 194.42 points, or 2.1%, to 8,957.76

In New Zealand, the NZX 50 slid 35.94 points, or 0.5%, to 6,697.78

Australia's benchmark ASX 200 gained 41.9 points, or 0.8%, at 5,370.74