Most Asian markets rebounded after a three-day losing streak Thursday as more optimism than before over Greece’s debt restructuring and strong U.S. economic data helped lift regional exporters and resource shares.
In Japan, the Nikkei 225 Index regained 192.90 points, or 2%, to 9,768.96
In Hong Kong, the Hang Seng Index gained back 272.95 points, or 1.3%, to 20,900.70
Exporters and companies with global business interests benefited, with Toyota Motor Corp. climbing 2.6% and Nikon Corp. jumping 4.3% in Tokyo.
Fast Retailing Co., a heavyweight constituent in the Nikkei, jumped 3.6%.
Elsewhere, LG Electronics Inc. added 3.9% and Kia Motors Corp. advanced 2.1% in Seoul, Foxconn International Holdings Ltd. jumped 5.2% in Hong Kong, and Hon Hai Precision Industry Co. climbed 2.2% in Taipei.
Resource firms partially recovered from recent losses, as commodity prices strengthened overnight. Jiangxi Copper Co. rose 1.7% in Hong Kong and 1.9% in Shanghai, while in Sydney, Fortescue Metals Group Ltd. and BHP Billiton Ltd. advanced 3.8% and 0.7%, respectively.
Among energy sector plays, Woodside Petroleum Ltd. gained 1.9% in Sydney, Inpex Corp. rose 1.6% in Tokyo and Cnooc Ltd. climbed 1.1% in Hong Kong.
Financials also bounced after losses earlier in the week, with Nomura Holdings Inc. rising 4.7% and Mitsubishi UFJ Financial Group Inc. rising 2.7% in Tokyo, Commonwealth Bank of Australia gaining 0.8%, and Chinatrust Financial Holding Co. climbing 2.4% in Taipei.
Shares of Ping An Insurance Group Co. of China Ltd. soared 5.1%, Agricultural Bank of China Ltd. added 2.5% and China Life Insurance Co. added 1.4% in Hong Kong; in Shanghai, they added 2%, 0.7% and 1.4%, respectively
In other markets;
The Shanghai CSI 300 recovered 32.39 points, or 1.3%, to 2,635.79
Korea’s Kospi Index gained 18.61 points, or 0.9%, to 2,000.76
The Taiex index in Taiwan gained 81.48 points, or 1%, to 7,984.56
Singapore’s Straits Times Index prospered 57.22 points, or 2%, to 2,970.38
New Zealand’s NZX 50 Index gained 10.73 points, or 0.3%, to 3,413.79
Australia’s S&P/ASX 200 Index tacked on 27.38 points, or 0.7%, to 4,171.04
