Tokyo Stock Exchange followed in Wall Street’s footsteps, and ended the week with Friday despite weak oil prices.
Nikkei rose 0.97 percent to 19,230.48, while the broader Topix index gained 0.59 percent to 1,549.51.
Investors focused on what they consider oversold stocks, and pharmaceutical and consumer stocks were in the wind.
– Investors lay low before the Fed
The atmosphere was like in New York easier nervous ahead of the potentially historic monetary policy meeting Federal Reserve next week, where the US is expected to see its first interest rate increase in nine years.
– Most investors is low ahead of FOMC meeting (Federal Open Market Committee) next Wednesday and Thursday, writes chief analyst for Julius Baer in Asia, Mark Matthews, in a note Friday.
For CNBC yesterday said Dan Farley, regional investment strategist for The Private Client Reserve at US Bank, the market in many ways trying to get over oil and on to next week’s events – that Fed.
– The greatest risk factor for the market in the short is that the central bank raises, he said.
– China’s Warren Buffett missed
In China draws Shanghai Composite Index fell 0.5 percent, while large cap index CSI 300 is down 0.3 percent.
In Hong Kong’s Hang Seng in minus 0.8 percent.
What are stealing headlines Friday morning, is that enough a senior business leader is missing.
CNBC refers to reports from the local news agency Caixin that 48-year-old Guangchang, Chairman of Fosun International and known as “China’s Warren Buffet,” according to witnesses at the airport Shanghai was taken away by police when he came back from Hong Kong.
Elsewhere in the Asia Still Sea region comparison, the Kospi 200 index in Seoul falling 0.1 percent, while the Sydney Stock Exchange fell 0.2 percent.
Asia-section here.
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