Taiex Leads Asian Gains

Shares in Asia-Pacific rose on Friday following overnight gains on Wall Street with the S&P 500 jumping nearly 2%.

In Japan, the Nikkei 225 popped 517.7 points, or 1.8%, to 29,068.63.

The Japanese yen traded at 114.06 per dollar, still weaker than levels below 112.8 seen against the greenback earlier this week.

Markets in Hong Kong returned Friday from holidays, with the Hang Seng rocketing 368.77 points, or 1.5%, to 25,330.96.

The Taiex in Taiwan led gains among the region’s major markets, as shares of Taiwan Semiconductor Manufacturing Company rose 4.7% following an earnings release a day earlier.

TSMC on Thursday reported a net profit of 156.3 billion Taiwan dollars (around $5.57 billion U.S.) for the third quarter ended Sept. 30, above expectations of a 149 billion Taiwan dollars average of analyst estimates compiled by Refinitiv, according to Reuters.

Australian stocks closed higher as shares of Qantas Airways jumped 1.97% after the New South Wales government announced Friday that quarantine requirements will be scrapped for fully vaccinated international travelers from Nov. 1.

The Australian dollar changed hands at $0.7432 following its climb from below $0.74 yesterday.

In other markets

In China, the CSI 300 gained 18.5 points, or 0.4%, to 4,932.11.

In Taiwan, the Taiex soared 393.91 points, or 2.4%, to 16,781.19.

In Korea, the Kospi index added 26.42 points, or 0.9%, to 3,015.06

In Singapore, the Straits Times captured 9.05 points, or 0.3%, to 3,173.91

In New Zealand, the NZX 50 fell 36.3 points, or 0.3%, to 13,012.19

In Australia, the ASX 200 grew 50.25 points, or 0.7%, at 7,361.98