Sri Lankan shares ended little changed on
Friday, as gains in industrial and financial stocks were offset
by communication services and consumer discretionary companies,
with the index posting a weekly loss after three straight weeks
Hong Kong's main Hang Seng
index finished higher on Friday after strong corporate earnings
boosted U.S. shares, but investors were awaiting Chinese
third-quarter economic data due Monday for clues to policy
** At the close of trade, the Hang Seng index was up
368.37 points, or 1.48%, at 25,330.96 after a two-day hiatus due
to a typhoon and a public holiday. The Hang Seng China
Enterprises index rose 1.32% to 8,966.17.
** The sub-index of the Hang Seng tracking energy shares
dipped 1.2%, while the IT sector rose 2.36%,
the financial sector ended 0.95% higher and the property
sector rose 0.47%.
** The top gainer on the Hang Seng was Geely Automobile Holdings
Ltd, which gained 7.96%, while the biggest loser was
CSPC Pharmaceutical Group Ltd, which fell 3.89%.
** China's main Shanghai Composite index closed 0.4%
higher at 3,572.37 points, while the blue-chip CSI300 index
ended 0.38% up.
** China's central bank rolled over maturing medium-term loans
on Friday and kept their interest rates unchanged, as investors
continue to speculate policymakers might need to ease monetary
settings to support the economy amid risks from stagflation.
Chinese shares ended higher on
Friday, supported by gains in tech and financial firms, but
sentiment remained cautious as investors balanced expectations
of policy easing against worries of a slowing economy.
Japan's Nikkei jumped to a more
than two-week high on Friday and posted its first weekly gain in
four, after overnight gains on Wall Street boosted technology
heavyweights ahead of their earnings results.
Most Asian currencies gained against the
U.S. dollar this week, as the greenback was headed for its first
weekly loss in five after an improvement in risk appetite put a
brake on the safe-haven currency's rally.
Earlier this week, the U.S. dollar touched a one-year
high but slipped as the week progressed on improving optimism
around a global recovery.
"With the Fed tapering expectations well-telegraphed and a
Fed rate hike not likely to occur until second-half of 2022, we
see some room for stretched U.S. dollar longs to unwind in the
near-term," analysts at Maybank said in a note.
Over the week, South Korea's won appreciated 1%,
the Thai baht firmed nearly 2% and was on track for its
best week since late-August, while Indonesia's rupiah
jumped nearly 1% and headed for its best week since early
The Singapore dollar and the Malaysian ringgit
were also on track to post weekly gains. On the other hand,
India's rupee and the Philippine peso were
headed for weekly losses.
Regional equities were set to post strong weekly gains as
the easing of curbs in countries such as Indonesia, Thailand,
Malaysia and the Philippines boosted sentiment.
Shares in the Philippines advanced more than 4% over
the week, while Singaporean equities, Thai stocks
, India's Nifty 50 and Malaysian shares
were set for a more than 2% gain for the week.
On Friday, most Asian currencies strengthened, with South
Korea's won appreciating about 0.5%, and the
Indonesian rupiah scaling a near eight-month high
supported by the recent surge in energy prices.
"Elevated Brent, crude palm oil, natural gas prices remain
supportive of commodity-linked FX, and Asian equities are
largely seeing green," analysts at Maybank said.
Indonesia, Southeast Asia's biggest economy and a major
exporter of commodities including thermal coal, is benefiting
from a global energy crunch that is pushing coal prices to
record levels due to high demand and supply disruptions.
The rupiah is among the best performing currencies in the
region, with only a marginal drop so far this year.
Investors are now awaiting Bank of Indonesia's policy
meeting next week where the central bank is expected to hold
interest rates steady to boost economic recovery, a Reuters poll
Markets in India were closed on Friday for
** Singapore electricity providers hit by global power
crunch quit market -
** China thermal coal prices hit record high -
** Indonesia trade surplus shrinks less than expected in
Asia stock indexes and
currencies at 0609 GMT
COUNTRY FX RIC FX FX INDE STOCK STOCK
DAILY YTD X S S YTD
% % DAILY %
Japan -0.37 -9.5 <.N2 1.62 5.72
China <CNY=CFX +0.07 +1.4 <.SS 0.53 3.00
S> 4 EC>
Indones +0.25 -0.2 <.JK -0.55 10.21
ia 8 SE>
Malaysi -0.08 -3.2 <.KL 0.26 -1.87
a 7 SE>
Philipp +0.08 -5.2 <.PS 0.42 1.03
ines 7 I>
S.Korea <KRW=KFT +0.36 -8.1 <.KS 1.02 5.07
C> 4 11>
Singapo -0.05 -2.0 <.ST 0.49 11.83
re 6 I>
Taiwan +0.26 +1.6 <.TW 2.40 13.91
Thailan -0.09 -9.8 <.SE 0.04 13.27
d 7 TI>
(Reporting by Sameer Manekar in Bengaluru; Editing by Amy Caren
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