Asian markets mostly higher amid earnings

Friday, 23. October 2020 07:26

Major stock indexes in Asia traded mostly in the green during the Friday afternoon trade with the ongoing earnings season, as well as the coronavirus crisis, in focus. Huawei Technologies Co. Ltd. reported its revenues in the first nine months increased 10% to stand at $96 billion. In politics, Beijing announced it will impose tariffs on some rubber imports from the United States, European Union, and South Korea. China's President Xi Jinping stated no force will be allowed to "violate or separate" the country's "sacred territory."

In Mainland China, Shanghai Composite remained flat at 07:21 am CET while the Shenzhen Composite dropped 0.77% a minute later. At the same time, Hong Kong's Hang Seng was up 0.35%.

In Tokyo, Nikkei 225 grew 0.33% at 07:23 am CET. The dollar slipped 0.13% against the yen at 07:22 am CET, buying ¥104.7305. In South Korea, the Kospi Composite rose 0.29% at 07:23 am CET, while Australia's S&P/ASX 200 traded essentially unchanged at 07:23 am CET.

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Breaking the News / MD