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Asian stocks mostly up after weak US data

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The Tokyo Stock Exchange dropped more than 3% on Friday (August 8) as investors reacted to US President Barack Obama's authorisation of air strikes on Iraq. (Kazuhiro Nogi, AFP)
The Tokyo Stock Exchange dropped more than 3% on Friday (August 8) as investors reacted to US President Barack Obama's authorisation of air strikes on Iraq. (Kazuhiro Nogi, AFP)

Hong Kong - Asian markets mostly rose Friday following a surge on Wall Street after unexpectedly weak US data tempered talk of an interest rate hike by summer.

Despite the easing rate expectations, the dollar maintained its strength against the yen and euro after retreating slightly from multi-year highs Thursday.

Tokyo jumped 1.08%, Hong Kong added 0.11%, Seoul gained 0.88% and Shanghai put on 0.30% but Sydney eased 0.62%.

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Rand - Dollar
19.06
+0.8%
Rand - Pound
23.80
+0.6%
Rand - Euro
20.41
+0.7%
Rand - Aus dollar
12.39
+0.8%
Rand - Yen
0.12
+0.9%
Platinum
916.70
+0.5%
Palladium
979.00
-2.6%
Gold
2,332.21
+0.7%
Silver
27.35
+0.7%
Brent-ruolie
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.8%
Industrial 25
102,531
-1.4%
Financial 15
15,802
-0.2%
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