Asia Gains to End Week

Shares in the Asia-Pacific were higher on Friday, led by tech stocks on the Hong Kong market.

In Japan, the Nikkei 225 jumped 320.72 points, or 1.2%, to 26,491.87.

SoftBank Group’s chief executive, Masayoshi Son, said on Friday that chip designer Arm was mostly likely to be listed on the NASDAQ, though the decision is not final, Reuters reported.

Core consumer prices in Japan rose 2.1% for the month of May compared to a year earlier, in line with estimates, according to Reuters. That’s above the Bank of Japan’s target of 2% inflation. However, consumer prices only rose 0.8% if fresh food and energy was taken out, Reuters said.

The Japanese yen strengthened to 134.49 per dollar, recovering from the 136 levels against the greenback earlier this week.

In Hong Kong, the Hang Seng index popped 445.19 points, or 2.1%, to 21,719.06. SenseTime was up 4.7% and Xpeng rose 7.3%.

Logistics company GoGoX fell in afternoon trade to close at 16.72 Hong Kong dollars ($2.13 U.S. ) after reaching 23.15 Hong Kong dollars earlier in its debut session. The stock’s offer price was 21.50 Hong Kong dollars.

Looking ahead, the Reserve Bank of Australia’s governor, Philip Lowe, is also set to speak on inflation later in the day.

The Australian dollar was at $0.6901, having mostly been on a weakening trend this week.

In other markets

Markets in New Zealand were shuttered for holiday.

In Shanghai, the CSI 300 gained 50.89 points, or 1.2%, to 4,394.17.

In Singapore, the Straits Times Index recovered 18.85 points, or 0.6%, to 3,111.65.

In Taiwan, the Taiex index regrouped 126.88 points, or 0.8%, to 15,303.32.

In Korea, the Kospi regained 52.28 points, or 2.3%, to 2,366.60.

In Australia, the ASX 200 climbed 50.25 points, or 0.8%, to 6,578.70.