Nikkei reverses course on yen weakness – CNBC

7 months ago Comments Off on Nikkei reverses course on yen weakness – CNBC

Asia markets ended mixed on Friday, with the Japanese benchmark index reversing losses on the back of a relatively weaker yen.

The Nikkei 225 closed up 71.68 points, or 0.46 percent, at 15,821.52, reversing losses of over 1 percent after Japanese Finance Minister Taro Aso said the government would take steps as needed to arrest the yen’s climb. Despite the late bounce, the index still lost over 2 percent for the week.

Across the Korean Strait, the Kospi finished near flat at 1,972.05. Down Under, the ASX 200 closed down 26.47 points, or 0.53 percent, at 4,937.60. Hong Kong’s Hang Seng index reversed losses to close up 104.35 points, or 0.51 percent, at 20,370.40.

Chinese mainland markets were lower, with the Shanghai composite closing down 22.66 points, or 0.75 percent, at 2,985.75 and the Shenzhen composite losing 15.94 points, or 0.82 percent, to 1,914.32.

Nikkei reverses course on yen weakness – CNBC}