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Recovery in Asia to End Week

May 13, 2022 (Baystreet.ca via COMTEX) --

Shares in Asia-Pacific rose on Friday, with markets seeing a rollercoaster week

In Japan, the Nikkei 225 regained 678.93 points, or 2.6%, to 26,427.65, with shares of Japanese conglomerate SoftBank Group jumping more than 12% despite reporting Thursday a record loss at its Vision Fund investment unit.

The Japanes Yen traded at 128.81 per U.S. dollar, stronger as compared with levels above 130 seen against the greenback earlier this week.

In Hong Kong, the Hang Seng Index hiked 518.43 points, or 2.7%, to 19,898.77.

The Australian dollar was at $0.6898 as it continues to struggle for a bounce after slipping from above $0.70 earlier in the week.

In other markets

In Shanghai, the CSI 300 index recovered 29.86 points, or 0.8%, to 3,988.60.

In Taiwan, the Taiex restocked 215.86 points, or 1.4%, to 15,832.54.

In Singapore, the Straits Times Index recaptured 25.98 points, or 0.8%, to 3,191.16

In Korea, the Kospi index gained 54.16 points, or 2.1%, to 2,604.24

In New Zealand, the NZX 50 lost 9.18 points, or 0.1%, to 11,168.18.

In Australia, the ASX 200 spiked 134.08 points, or 1.9%, to 7,075.11.

comtex tracking

COMTEX_407140976/2559/2022-05-13T07:58:08

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