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Showing posts with the label ASIA Stock Markets at Close Report I CNBC

ASIA Stock Markets at Close Report I CNBC Asia stocks extend gains amid lack of trade escalation Cheang Ming Asian shares closed higher on Friday, extending gains after Wall Street rebounded as technology stocks there touched all-time highs. There was also some relief coming from the lack of escalation in trade tensions between the U.S. and China . Japan led gains in the region, with the benchmark Nikkei 225 jumping 1.85 percent, or 409.39 points, to close at 22,597.35 as stocks extended Thursday's gains, with the yen weaker on the day. The services sector led broad gains on the index, with electric appliances and textiles sectors also rising more than 1 percent. Among index heavyweights, Fast Retailing advanced 6.95 percent after posting robust earnings overnight while Fanuc gained 1.94 percent.