BEIJING (AP) – Most Asian stock markets rose, while Japan eased off after the rally on Wall Street at the end of a turbulent week.
KEEPING SCORE: The Shanghai Composite Index rose 0.5 percent to 2,495.16 points, while the Tokyo Nikkei 225 lost 0.6 percent to 19,964.54. Hang Seng in Hong Kong rose 0.2 percent to 25,531.63 and Seoul's Kospi rose 0.6 percent to 2,040.76. Sydney's S & P ASX 200 rose 0.7 percent to 5,634.30 and benchmarks in New Zealand, Taiwan and Southeast Asia also rose.
WALL STREET: US stocks made a last-minute turn that brought the market to an end. It followed the best day of the market for 10 years. Much of the profits went to healthcare and technology companies, banks and industrials. The Standard & Poor's 500 rose 0.9 percent to 2,488.83, down 2.8 percent at midday. The Dow Jones Industrial Average rose 1.1 percent to 23,138.82. The Nasdaq composite increased 0.4 percent to 6,579.49. The downturn, which started in October, intensified this month, lifting all market gains in 2018 and bringing the S & P 500 to its worst year since 2008. Stock prices are on their way to the worst December since 1931.
ANALYST'S QUOTE: Improved US sentiment "provided Asian intraday relief by the end of the week," said Jingyi Pan of IG in one Report. Pan went on to say, "One would probably wince to refer to this as' bottom 'and' leave a mixed picture as we move forward to the end of the year. "
CHINA PROFIT DECLINE: The profits of major Chinese industrial companies fell in November for the first time in three years in the midst of economic slowdown and trade tension with Washington. Government data showed that the profits for companies in the steel, building materials, oil, chemicals Equipment decreased 1.8 percent year-on-year, a 3.6 percent reversal in October.
ENERGY: US crude oil rose $ 1.02 to $ 45.63 a barrel on the New York Mercantile Exchange contract fell $ 1.59 to $ 44.61 on Thursday, with Brent crude, which was used to priced international oil, gaining $ 1 to $ 53.73 a barrel in London, falling in the previous session USD 1.97 to USD 52.73.
CURRENCY: The dollar slipped from 111.01 yen on Thursday to 110.58 yen, rising from 1.1430 to 1.1456 USD.