Asian exchanges develops mixed Friday.
In Tokyo rose Nikkei 0.4 percent to 16,545.82, while the broader Topix index also ended up 0.4 percent to 1295.67.
The yen strengthened to 99.84 against the dollar, before USDJPY is now back at 100.22. Thursday was the yen as high as 99.62 in Asian trade.
The relatively weak yen compared with Thursday’s levels provides support to exporters such as Toyota, Honda and Mazda.
Elsewhere in Asia – Pacific region looks Shanghai Composite index red in China, namely by 0.2 percent. Large cap index CSI 300 is down as much. In Hong Kong’s Hang Seng down 0.5 percent.
Seoul Stock Exchange is almost unchanged, while the commodity heavy Sydney Stock Exchange was up 0.2 percent.
Oil prices continue upward after yesterday’s rally in New York.
Brent October oil rising 0.3 percent to $ 51.03, while WTI oil pulls up 0.8 percent to $ 48.60 a barrel. The focus on a possible production freeze continues.
– Yesterday’s oil rally was helped in time of further statements by the former OPEC president Chakib Khelil, who believes an agreement on production freeze is on the way because OPEC’s member countries are already producing at record high levels, writes IG analyst Angus Nicholson according to CNBC in a note.
Asia-section here.
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