Asia-Pacific markets mostly rose on Friday despite a plunge in all three benchmarks in the U.S. over the previous session amid concern about President Donald Trump’s tariff plans.
In Japan, the Nikkei 225 index gained 263.07 points, or 0.7%, to 37,053.10.
In Hong Kong, the Hang Seng index soared 497.33 points, or 2.1%, to 23,959,98. Pharmaceuticals company WuXi Biologics was the top mover in the index, gaining 13.95%.
Other top performing stocks include BYD which surged 6.04%, Meituan which rose 5.71% and Ping An Insurance which was up 5.59%.
The moves in Asia-Pacific come after another escalation in the developing trade war, with Trump threatening to enact 200% tariffs on all alcoholic products coming from the European Union in retaliation for the bloc’s 50% tariff on whiskey. Trump on Thursday said, “I’m not going to bend at all” regarding tariffs.
CHINA
The CSI 300 in mainland China recovered 94.98 points, or 2.4% to 4,006.56. This follows stronger movements in the health-care, consumer cyclicals and non-cyclicals sectors.
In other markets
In Taiwan, the Taiex index poked ahead 6.37 points, or 0.03%, to 21,968.05.
In Singapore, the Straits Times index doffed 1.5 points, or 0.04%, to 3,836.02
In Korea, the Kospi stepped back 7.28 points, or 0.3%, to 2,566.36
In New Zealand, the NZX 50 sprang back 57.2 points, or 0.5%, to 12,266.25.
In Australia, the ASX 200 surged 40.61 points, or 0.5%, to 7,789.68
