Asia Recovers as Ukraine Situation Studied - InvestingChannel

Asia Recovers as Ukraine Situation Studied

Asia-Pacific shares mostly rose on Friday as investors assessed the Russia-Ukraine conflict following a massive comeback on Wall Street overnight.

The Nikkei 225 in Japan recovered 505.68 points, or 2%, to close the week at 26,476.50.

The Japanese yen traded at 115.32 U.S. dollars.

In Hong Kong, the Hang Seng index docked 134.38 points, or 0.6%, to 22,767.18

Block shares trading in Australia surged 32.49% after it reported better than expected fourth-quarter profit on Thursday stateside. The company’s main listing on the New York Stock Exchange also saw stock prices jump 18% after hours.

The payments firm, formerly called Square, is founded and led by Twitter’s Jack Dorsey. Earlier on Friday’s session in Asia, Block’s share price spiked more than 40%.

The Australian dollar changed hands at $0.7207.

In other markets

In Shanghai, the CSI 300 re-strengthened 71.45 points, or 0.6%, to 3,451.41.

In Singapore, the Straits Times index repaired 18.41 points, or 0.6%, to 3,294.47

In Korea, the Kospi index picked up 27.96 points, or 1.1% to 2,676.76

In Taiwan, the Taiex jumped 57.63 points, or 0.3%, to 17,652.18

In New Zealand, the NZX 50 reversed course and gained 190.83 points, or 1.6%, to 11,923.38.

In Australia, the ASX 200 edged up 7.2 points, or 0.1%, to 6,997.80.

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