· Markets in Japan, South Korea and China traded higher on Friday while other Asia Pacific markets, including Australia, Hong Kong, Singapore and Indonesia, were closed for a public holiday.
The Nikkei 225 in Japan rose 0.5% to 22,200.56 as a number of tech stocks posted gains, with Nintendo shares jumping 14.12%.
On Thursday, Chinese tech giant Tencent won an important approval to start selling the Nintendo Switch game console in China, one of the largest video games market in the world, Reuters reported. The Switch was first released in 2017. U.S.-listed Nintendo ADRs rose more than 12% in the previous session.
Shares of automaker Nissan fell 2.24% following reports that it will cut global production by about 15% for the current fiscal year ending March 2020.
Also in Japan, the Topix index added 0.12% to 1,616.93. South Korea’s Kospi index, meanwhile, trimmed gains to trade up just 0.11% at 2,216.15.
Markets in China traded higher: The Shanghai composite gave up some of its early gains to climb 0.63% to 3,270.80 while the Shenzhen composite gained 0.93% to 1,778.81.
· Japan’s Nikkei rose on Friday as investors snapped up cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China.
The Nikkei share average ended 0.5 percent higher at 22,200.56 points. For the week, the index rose 1.5 percent to post its third straight week of gains.
Shares of Nintendo Co soared after China’s Tencent won a key approval to begin selling Nintendo’s Switch console in China, the world’s largest games market. The video game maker’s shares ended up 14 percent.
· Chinese shares rallied on Friday afternoon in thin volumes from earlier profit-taking to end the day at a near 13-month closing high, with signs of an economic recovery in China contributing to a recent surge.
At the close, the Shanghai Composite index was up 0.63 percent at 3,270.80, erasing earlier losses. It was the strongest close for the index since March 21, 2018.
Reference: Reuters, CNBC
Thai
Eng