A person looks at an electronic board displaying stock information on the Australian Stock Exchange operated by ASX Ltd in Sydney, Australia on March 16, 2020.
Brandon Thorne | good pictures
Stocks in the Asia-Pacific region rose on Friday as investors looked forward to Federal Reserve Chairman Jerome Powell’s speech in the United States following Jackson Hole.
in Australia , S&P/ASX200 Banking and mining stocks rose 1.06%.
Japan Nikki 225 Topix rose 0.28% while adding 0.65%. The Hang Seng Index In Hong Kong, Hang Seng Tech rose 0.57%, up 0.7%.
The Cosby South Korea advanced 0.25% and Costak fell 0.29%.
Mainland China Shanghai Mix partially elevated, and Shenzhen Component Obtained 0.124%.
MSCI’s broadest index of Asia Pacific shares outside Japan was 0.67% higher.
“Hand-out comments from Fed speakers overnight had little effect as markets await Powell’s keynote speech at Jackson Hole this evening,” National Australia Bank economist Taylor Nugent wrote in a note on Friday. He pointed out that the central bank spokesmen said that the task of the central bank in fighting inflation has not ended and that the rates are necessary to enter the controlled area.
The major indicators rose overnight in the US. The Dow Jones Industrial Average rose 322.55 points, or 0.98%, to 3,3291.78 points. The S&P 500 rose 1.41% to 4199.12 and the Nasdaq Composite rose 1.67% to 12,639.27.
Many Hong Kong listed companies report their profits meydwan.
