Asian stocks jump, Nikkei at 6-month high

Friday, 10. September 2021 07:16

Markets in Asia-Pacific jumped on Friday as investors digested the European Central Bank's (ECB) decision to slow the pace of asset purchases but insisted it is not "tapering" but "recalibrating." Elsewhere, US President Joe Biden and his Chinese counterpart Xi Jinping held a phone call in which they stressed the importance of ensuring their countries' competition doesn't turn into conflict.

The Nikkei 225 rallied 1.01% at 7:10 am CET to reach the highest level since March. The dollar added 0.15% against the yen to sell for 109.8840 a minute later.

Hong Kong's Hang Seng surged 1.73% at 7:12 am CET. In mainland China, the Shanghai Composite rose 0.51% at 7:12 am CET and the Shenzhen Composite increased by 0.45% at 7:00 am CET.

In South Korea, the Kospi was up 0.36% at 7:13 am CET and Australia's S&P/ASX 200 gained 0.48% at 7:14 am CET.

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Breaking the News / NP