Asian equities extend the rally on Friday as the US job data helped ease concerns about the labor market. The recent US employment market report eased fears of a US recession. The hotter Chinese CPI inflation boosts the Asian markets, with the Hang Seng Index leading gains. Most of Asian stock markets trade in positive territory on Friday, bolstered by positive US Initial Jobless Claims and hotter-than-expected Chinese Consumer Price Index inflation data.
China has three important indices: the Hong Kong Hang Seng, the Shanghai Composite and the Shenzhen Composite. As a big emerging economy, Indian equities are also catching the attention of investors, who increasingly invest in companies in the Sensex and Nifty indices. What are the main sectors represented in Asian stock markets? Asia’s main economies are different, and each has specific sectors to pay attention to.
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