Asia-Pacific markets mostly rose on Friday, following Wall Street’s gains overnight after Atlanta Fed president Raphael Bostic said he’s “firmly” in favor of sticking with quarter-point hikes.
The Nikkei 225 in Japan went skyward 428.6 points, or 1.6%, to 27,927.47, leading gains in the region, as inflation in Japan’s capital showed easing in February from the previous month.
Nikkei will shuffle the components of its Nikkei 225 index, it said in a release.
The Nikkei 225 will add Oriental Land, Renesas Electronics, Japan Airlines to the index due to high liquidity and remove Toyobo, Nippon Light Metal, and Toho Zinc, citing low liquidity.
The changes will take into effect April 3, Nikkei said.
In Hong Kong, the Hang Seng Index revived 138,08 points, or 0.7%, to 20,567.54.
CHINA
In China, the CSI 300 ditched 2.88 points, or 0.1%, to 3,232.02
China’s services sector saw a jump in activity, according to the Caixin/S&P Global services purchasing manager’s index, with a reading of 55 in February from 52.9 in January.
In other markets
In Singapore, the Straits Times regained 12.81 points, or 0.3%, to 3,234.90.
In Taiwan, the Taiex eked up 9.7 points, or 0.1%, to 15,608.42.
In Korea, the Kospi grabbed 4.22 points, or 0.2%, to 2,432.07
In New Zealand, the NZX 50 sagged 32.07 points, or 0.3%, to 11,868.79.
In Australia, the ASX 200 gained 28.21 points, or 0.4%, to 7,283.57.
