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Asia Pacific Recovers

Asia Pacific stocks rose on Friday following the release of mixed U.S. economic data overnight.

In Japan, the Nikkei 225 regained 39.68 points, or 0.2%, to 22,920.30.

The Japanese yen traded at 105.45 per U.S. dollar after touching levels above 106 against the greenback yesterday.

In Hong Kong, the Hang Seng recovered 322.45 points, or 1.3%, to 25,113.84.

South Korean markets attempted to recover from heavy losses Thursday. Shares in the country have seen a choppy trading week as South Korea has seen a recent jump in coronavirus cases.

The Australian dollar changed hands at $0.7185, in a turbulent trading week that has seen it from levels above $0.724 to below $0.716.

CHINA

The CSI 300 recouped 39.69 points, or 0.9%, to 4,718.84.

Meanwhile, shares of Alibaba listed in Hong Kong shed 0.86% on Friday. The move downward came despite the Chinese tech behemoth announcing a 34% on-year increase in revenue in the quarter ended June 30.

In a media release announcing the quarterly results, Alibaba Group Chief Financial Officer Maggie Wu said the firm’s "domestic core commerce business has fully recovered to pre-COVID-19 levels across the board."

In other markets

In Singapore, the Straits Times Index nicked up 0.62 points to 2.528.54.

In Korea, the Kospi picked up 30.37 points, or 1.3%, to 2,304.59

In Taiwan, the Taiex index popped 245.2 points, or 2%, to 12,607.84

In New Zealand, the NZX 50 zoomed 173.59 points, or 1.5%, to 11,835.95

In Australia, the ASX 200 fell 8.84 points, or 0.1%, to 6,111.18.