Asia trades mostly higher, China tech shares recover

Friday, 10. September 2021 04:28

Major exchanges in the Asia-Pacific region were mostly higher on Friday, pulled up mostly by the recovery of Chinese tech firms. Alibaba, Tencent, JD.com, NetEase and Meituan all registered gains of over 2% after Chinese media clarified that the approval process for all new online video games will only be slowed down, rather than suspended, as it was initially reported. Meanwhile, the Quad is reportedly preparing a meeting in the US in late September with China as one of the topics.

The Nikkei 225 grew 1.22% at 4:25 am CET. The Shanghai Composite was up 0.54% at 4:10 am CET and the Shenzhen Composite Index was down 0.06% at 4:25 am CET. The Hang Seng jumped 1.59% a minute later. The Kospi in South Korea gained 0.45% at 4:26 am CET. The S&P/ASX 200 in Australia was up 0.18% concurrently.

The dollar was flat compared to the Japanese yen at 4:27 am CET, trading for 109.7555.

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Breaking the News / MS