Precise Investors Editorial Team
KOSPI added over 2%, Shanghai Shenzhen CSI 300 advanced 0.5%, the Shanghai Composite index rose 0.3%, Hang Seng index added 0.6%, Nikkei 225 index climbed 1.3%, the broader TOPIX index gained 0.6%, while Straits Times Index added 0.3%
Asian stocks rose broadly on Friday, led by gains in technology shares, as news that Chinese President Xi Jinping will meet U.S. counterpart Donald Trump next week helped ease trade tensions.
Investors also digested Japan’s latest inflation and factory activity data.
U.S.’ White House confirmed on Thursday that Trump will meet Xi in South Korea during next week’s APEC summit, a development that buoyed markets after recent heightened China-U.S. trade friction.
KOSPI led gains, adding over 2% to hit a new record high of 3,924.83 points. Chipmaking heavyweight Samsung Electronics gained 2%, while SK Hynix shares soared more than 6%.
Chinese equities gained after the Communist Party unveiled a new five-year economic plan that emphasized advanced manufacturing, technological self-reliance, and stronger domestic demand.
The policy framework reinforced optimism that Beijing is committed to sustaining growth through structural reform and innovation.
Shanghai Shenzhen CSI 300 advanced 0.5%, while the Shanghai Composite index rose 0.3%.
Hang Seng index added 0.6%, with Hang Seng TECH sub-index climbing 1.5%.
In Japan, economic data painted a mixed picture. Data showed that core consumer prices increased 2.9% in September from a year earlier, while the broader “core-core” measure – which excludes both food and energy – jumped 3.0%.
The figures remain above the Bank of Japan’s 2% target, fuelling expectations that policymakers may further discuss an eventual tightening.
Japan’s factory activity for October slid to its lowest level in 19 months, indicating continued decline in factory output. The services PMI also eased, but remained strong amid robust domestic demand.
The datapoints come after Sanae Takaichi was sworn in as Japan’s new prime minister earlier this week, with her dovish policy stance drawing investor attention.
Her government is reportedly preparing a large stimulus package, targeting inflation relief, high-tech investment, and national security.
Nikkei 225 index climbed 1.3% on Friday, while the broader TOPIX index gained 0.6%.
S&P/ASX 200 was largely steady, while Straits Times Index added 0.3%.
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