FILE - A security guard stands guard at an entrance of Tokyo Sock Exchange building on July 18, 2023, in Tokyo. Asian shares advanced Friday, Sept. 15, with solid gains for Chinese markets after the central bank eased the reserve requirements for banks to encourage more lending and prop up the slowing economy. – Asian shares were mostly higher Friday after China reported that its slowing economy showed signs of stabilizing in August.Hong Kong's Hang Seng surged 1.0% to 18,219.
Further boosting sentiment, the government reported Friday that China’s industrial output rose 4.5% in August from a year earlier, up from 3.7% in July. That is seen as a sign the economy may be breaking out of its post-pandemic malaise. SoftBank Group Corp., which fully owned chip designer Arm Holdings before it began trading on the Nasdaq on Thursday, rose 2.1% in Tokyo trading.jumped 24.7% in their debut on Nasdaq. The strong welcome could be an encouraging signal for the IPO market, which has slowed since the stock market began tumbling early last year on fears about higher interest rates.
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