Shanghai Jumps, Aussie Coal Mining Stocks Hit

Shares in mainland China gained the most on the final day of the trading week, among major Asian stock markets.

In Japan, the Nikkei 225 let go of 38.72 points, or 0.2%, to end the week at 21,425.51, as shares of convenience store operator FamilyMart Uny fell 1%

The Japanese yen changed hands at 110.72 against the U.S. dollar after touching an earlier high of 110.61.

In Hong Kong, the Hang Seng leaped 186.38 points, or 0.7%, to 28,816.30.

Korean stocks nosed up, as heavyweight Samsung Electronics saw its stock advance 0.4%.

Australian indexes were in the green, though shares of Australian coal miners mostly sold off on Friday. New Hope Corporation dropped 3.6%, Yancoal Australia declined 2.8% and mining giant BHP Billiton slipped 0.4%. Whitehaven Coal, on the other hand, recovered from an earlier slip to rise 0.7%

The Australian dollar traded at $0.7113 after moving wildly in the previous session, dropping from levels above $0.720.

CHINA

In China, the CSI 300 jumped 77.41 points, or 2.3%, to 3,520.12

Meanwhile, officials from China and the U.S. met again in Washington on Thursday. Reports on Thursday said Washington and Beijing have begun drawing up memorandums of understanding over trade.

In other markets

In Korea, the Kospi index edged higher 1.84 points, or 0.1%, to 2,230.50

In Singapore, the Straits Times Index dipped 8.01 points, or 0.2%, to 3,269.90

In Taiwan, the Taiex Index forged ahead 3.39 points to 10,332.92

In New Zealand, the NZX 50 added 8.4 points, or 0.1%, to 9,309.21

In Australia, the ASX 200 grew 28.06 points, or 0.5%, to 6,167.31