- November 12, 2021
- By: Admin1_blog
- Asia Market, Indices
- Shares in Asia-Pacific mostly rose in Friday trade.
- Hong Kong’s Hang Seng index gained in morning trade, with shares of JD.com soaring following the Singles Day online shopping event, while Alibaba edged higher.
- Chinese chipmaker Semiconductor Manufacturing International Corporation dropped after the firm said a top executive and multiple board members resigned.
SINGAPORE — Shares in Asia-Pacific mostly rose in Friday trade following overnight gains for tech stocks stateside as the Nasdaq Composite rebounded.
Hong Kong’s Hang Seng index gained 0.7% in morning trade, with shares of JD.com soaring nearly 5% following the Singles Day online shopping event, while Alibaba edged around 0.3% higher.
Meanwhile, Hong Kong-listed shares of Chinese chipmaker Semiconductor Manufacturing International Corporation dropped nearly 4% after the firm said a top executive and multiple board members resigned. The Hang Seng Tech index gained more than 1%.
Mainland Chinese stocks lagged the broader region, with the Shanghai composite and Shenzhen component both fractionally lower.
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Japan’s Nikkei 225 gained 1.01% while the Topix index rose 1.19%. In South Korea, the Kospi climbed 1.22%.
Australian stocks also rose as the S&P/ASX 200 gained 0.96%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.52% higher.
Overnight stateside, the tech-heavy Nasdaq Composite rose 0.52% to 15,704.28 while the S&P 500 advanced slightly to 4,649.27. The Dow Jones Industrial Average lagged, declining 158.71 points to 35,921.23.
Source : CNBC
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