Asian markets end week with gains after Xi-Biden phone call

Attribution: Pixabay

Tokyo’s Nikkei 225, Hong Kong’s Hang Seng stock exchanges post big daily rises

ANKARA (AA) – Major stock markets in Asia posted gains at Friday’s close after a 90-minute call between the Chinese and US presidents put investors in an upbeat mood.

In the call, Joe Biden and Xi Jinping voiced reassurances that the world’s top two economies will hold “more candid exchanges and constructive dialogues to avoid misunderstandings, misjudgments, and unexpected conflicts.”

The Asia Dow, which includes blue-chip companies in the region, jumped 43.2 points, or 1.08%, to close at 4,045 points. It was up over 1.5% weekly.

Tokyo’s Nikkei 225 stock exchange surged 373.65 points, or 1.25%, to 30,381. The index posted a 4.30% increase this week.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, climbed 489.9 points, or 1.91%, to 26,206, while it had a weekly rise of 1.17%.

China’s Shanghai stock exchange was marginally up 9.98 points, or 0.09%, to 3,703 points, while this week it surged 3.39%.

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