Stock markets rise in Asia – OBI Online

Most Asian stock markets rise Friday after the short squeeze and vigorous oil prices lifted Wall Street on Thursday.

In Tokyo let Nikkei wearing 0.3 percent to 16,188.41, while the broader Topix index also climbed 0.3 percent to 1311.27.

The yen, which has strengthened against the dollar in recent days, going back to around 113 Friday.

Investors were however not encouraged that Japan’s inflation fell back to zero in January after two months with moderate growth.

– CPI figures underline the need for further measures by the Bank of Japan, if they are determined to achieve the inflation target of two percent, writes IG analyst Angus Nicholson according to CNBC in a note.

– the big fear

in China, figures from the country’s statistics authorities according to Bloomberg that the prices of new homes rose in 38 of 70 Chinese cities from December to January. Prices fell in 24 cities, while they were flat in eight cities.

After the sharp fall yesterday, rising Shanghai Composite index was 1.1 per cent, while large cap index CSI 300 also is up 1, 1 percent.

Investors’ focus enough on the G20 summit starting in Shanghai Friday. Many expect that China which will address growth challenges in their own economy.

Senior Broker for Asia Pacific in OANDA, Stephen Innes, doubt, however, that Friday’s optimism persists.

– Despite this flash of hope ahead of the G20, the likelihood of a coordinated political pact low. Instead, the great fear that the tab of optimism investors have among otherwise dreary outlook will crumble further up after the meeting. So we can get pretty chaotic markets next week, he tells CNBC.

Sharp collapse

Elsewhere in Asia-Pacific region is the Hang Seng in Hong Kong up 1.6 percent, while Kospi index in South Korea is marginally down.

the commodity heavy Sydney Stock exchange ended almost unchanged, but the energy and mining sectors declined respectively. 0.9 and 0.7 percent, weighed down by 02.03 per cent fall in Rio Tinto, BHP Billiton and Fortescue.

In Japan plunged electronics giant Sharp new 15 percent, after falling as much as 14 percent the day before .

the decline was triggered by an article in Reuters and newspaper Nikkei that the company has accepted a bid of 659 billion yen ($ 5.9 billion) from Taiwanese Foxconn. After this, several media reported that Foxconn will not sign the agreement before Sharp clarifies the terms of a new document if not previously disclosed liabilities.

Foxconn, also known as Hon Hai Precision Industry, fell 1.7 percent.

Asia-section here.