Asian markets mostly higher amid APEC summit

Friday, 18. November 2022 03:10

Stock exchanges in the Asia-Pacific region traded mostly above the flatline on Friday as investors kept a close eye on the Asia-Pacific Economic Cooperation (APEC) three-day summit held in Thailand as world leaders gather to discuss economic growth and trade.

Hong Kong's Hang Seng surged 268 points or 1.49% at 3:01 am CET, with NetEase and Tencent pulling the index up by 4.44% and 2.19% respectively after China's National Press and Publication Administration approved publishing licenses for 70 online games that seemingly led the stocks to rise following yesterday's news.

South Korean Kospi increased by 0.66% at 3:05 am. At the same time, Australia's S&P/ASX 200 edged up by 0.31%. In mainland China, the Shenzhen Composite was up by 0.29%, while the Shanghai Composite fell by 0.13%.

Japan's Nikkei 225 gained 0.17% at 3:07 am CET, while the American currency slipped 0.18% against the Japanese yen, to change hands to ¥139.96550 a minute later, as market participants digested Japan's inflation data that hit a four-decade high.

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