Chinese stocks soared Friday, following a previous 5.8% rally, as the markets seemed to have stabilized amid the government's recent drastic measures to stem the rout.
In Tokyo, the Nikkei 225 index sank 75.87 points, or 0.4%, to end a turbulent week at 19,779.83,
In Hong Kong, the Hang Seng Index shot ahead 508.49, or 2.1%, to 24,901.28,
CHINA
In China, the CSI 300 gained 208.93 points, or 5.4 %, to 4,106.56
The rally came after China's police department pledged to investigate into "malicious short-selling" jointly with the securities regulator, with a state media report saying Friday that the police have already carrying out an investigation on a dozen of companies and individuals suspected of having shorted blue-chip stocks on Wednesday.
Meanwhile, the securities regulator has also reportedly requested all the listed companies to submit by Friday specific plans on how to support their stock prices, including but not limited to share buybacks, stock incentive plans, etc.
Chinese securities firms extended their rally, as China Galaxy Securities Co. Ltd. surged 12.3%, Shenwan Hongyuan H.K. Ltd. spiked 12.2%, and Haitong Securities Co., Ltd. leapt 9.1%.
Among other top outperformers, property developer China Vanke Co., Ltd jumped 8.7%, China Minsheng Banking Corp., Ltd. gained 5.2%, and China Citic Bank Corporation Ltd. advanced 4.5%. Index heavyweights China Mobile Ltd. and China Construction Bank Corporation both rose 2.7%.
In other markets
Markets in Taiwan were shuttered for holiday
In Korea, the Kospi index moved up 3.36 points, or 0.2%, to 2,031.17
In Singapore, the Straits Times Index regained 12.48 points, or 0.4%, to 3,279.88
The NZX 50 slipped 12.10 points, or 0.2%, to 5,725.34
The ASX 200 Index moved higher 21.06 points, or 0.4%, to 5,492.04
