Stocks in Asia-Pacific rose on Friday, with shares in mainland China and Japan among the biggest gainers regionally.
The Nikkei 225 ended the week with a gain of 446.82 points, or 1.6%, to 29.176.70.
The Japanese yen traded at 109.38 per U.S. dollar, having weakened from levels below 108.6 against the greenback seen earlier this week.
In Hong Kong, the Hang Seng restored 436.82 points, or 1.6%, to 28,336.43.
Hong Kong-listed shares of Xiaomi jumped 6.3%, and Great Wall Motor soared 10.4%. That came after Reuters reported that Xiaomi plans to make electric vehicles using Great Wall Motor’s factory.
Elsewhere, shares of Baidu in Hong Kong plunged 5.6% on Friday. The firm saw a muted debut in the city earlier this week. Alibaba’s Hong Kong-listed stock also dropped 2.3%.
The Australian dollar changed hands at $0.7622, still lower than levels around $0.774 seen earlier in the week.
CHINA
In China, the CSI 300 jumped 111.64 points, or 2.3%, to 5,037.99
Major dual-listed Chinese tech companies like Baidu and Alibaba have come under pressure in recent sessions. Fears over potential de-listings from U.S. stock exchanges resurfaced after the U.S. Securities and Exchange Commission adopted a law called the Holding Foreign Companies Accountable Act.
In other markets
In Taiwan, the Taiex zoomed 245.74 points, or 1.5%, to 16,305.88.
In Korea, the Kospi index gained 32.68 points, or 1.1%, to 3,041.01.
In Singapore, the Straits Times index took on 16.24 points, or 0.5%, to 3,157.95.
In New Zealand, the NZX 50 slid 39.22 points, or 0.3%, to 12,348.84
In Australia, the ASX 200 added 33.64 points, or 0.5%, to 6,824.23.
