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Chinese shares, Tokyo stocks, S. Korean stocks close higher Friday

2019-01-11 15:56

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Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.74 percent, at 2,553.83 points.

The Shenzhen Component Index closed 0.61 percent higher at 7,474.01 points.

he ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 0.2 percent to close at 1,261.56 points Friday.

The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, are major indices reflecting the performance of stocks listed on the Shenzhen Stock Exchange.

S. Korean stocks close highest in about 3 weeks

South Korean stocks gained ground on Friday.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 12.29 points, or 0.60 percent, to settle at 2,075.57. Trading volume stood at 372.5 million shares worth 4.5 trillion won (4 billion U.S. dollars).

It was the highest close in about three weeks.

Many of blue-chip stocks ended in positive territory. Market bellwether Samsung Electronics rose 1.8 percent, and leading chemical firm LG Chem added 0.6 percent. Samsung BioLogics, a biopharmaceutical unit of Samsung Group, the country's biggest family-controlled conglomerate, climbed 1.9 percent.

The state-run power supplier Korea Electric Power Corp. gained 0.7 percent, but memory chip giant SK Hynix dipped 0.3 percent. The biggest mobile operator SK Telecom declined 2.8 percent, and the biggest steelmaker POSCO lost 1.2 percent.

South Korea's currency finished at 1,116.4 won against the greenback, up 1.9 won from the previous close.

Bond prices ended lower. Yields on the liquid three-year treasury notes added 0.8 basis points to 1.804 percent, and the return on the 10-year government bonds went up 2.8 basis points to 1.992 percent.

Tokyo stocks close higher on Wall Street's solid lead, yen's decline lifts exporters

Tokyo stocks closed higher Friday as Wall Street's gains overnight set a solid tone with the yen's retreat against the U.S. dollar also buoying the market mood and giving exporters a boost.

The 225-issue Nikkei Stock Average gained 195.90 points, or 0.97 percent, from Thursday to close the day at 20,359.70.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 7.72 points, or 0.51 percent, to finish at 1,529.73.

Precision instrument, real estate, and electric power and gas-linked issues comprised those that advanced the most by the close of play.

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