Stock markets in Asia Pacific mostly advanced on Friday, amid optimism toward a trade deal between the US and China that sent Wall Street to new record highs overnight. The Shanghai composite added 11 points or 0.36 percent higher to 3,018, at around 02:)) PM China time, after Beijing laid out additional plans to bolster its economy, including infrastructure investments.
Hong Kong’s Hang Seng index jumped 312 points or 1.12 percent to 28,176, at around 01:50 PM Hong Kong time. Meantime, Japan’s Nikkei 225 lost 60 points or 0.25 percent to finish at 23,865,, after data showed retail sales fell 2.1% year-on-year in November, worse than market forecasts of a 1.7%. South Korea’s KOSPI edged down 1.3 points or 0.06 percent lower to 2,196, at around 02:46 Korea time. In Australia, the benchmark S&P/ASX 200 went up 28 points or 0.4 percent to close at 0 6,821. The Broader All Ordinaries index added 30 points or 0.43 percent higher to settle at 6,936.