Asian markets rise, dealers digest stimulus plans
HONG KONG (AFP) - Asian markets rose on Friday, rebounding from the previous day's losses, as stimulus moves by the central banks of the United States (US), Europe and Japan outweighed another round of weak economic data.
Shares looked set for a positive end to a week that saw the Bank of Japan (BoJ) follow the Federal Reserve and European Central Bank (ECB) in unveiling plans to boost growth, but also showed manufacturing in China was still shrinking.
Tokyo rose 0.25 per cent, or 23.02 points, to 9,110.00, Seoul advanced 0.60 per cent, or 12.04 points, to 2,002.37 and Sydney also added 0.25 per cent, or 11.1 points, to 4,408.3.
In the afternoon Hong Kong was 0.89 per cent higher and Shanghai added 0.31 per cent.