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ASIA MARKETS: Asian Markets Inch Forward Amid U.S.-China Friction

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12/07/2018 | 03:07pm CET

By MarketWatch and Associated Press

Nikkei up slightly; tech stocks bounce back after Thursday's selloff

Asian stocks were mostly higher Friday after Thursday gains on Wall Street, but investors continued to watch for news about U.S.-China trade friction.

"Clouded with much uncertainty, markets will likely remain jittery and may struggle to hold on to the gains," said Jayden Loh, a Trader at IG in Singapore.

Japan's benchmark Nikkei 225 added 0.8%, and Australia's S&P/ASX 200 gained 0.4%. South Korea's Kospi rose 0.3%. Hong Kong's Hang Seng gained initially but fell 0.3%, while the Shanghai as also up less than 0.1%.

Tech stocks, which took the brunt of losses Thursday, recovered. Samsung gained 1%, while Tencent bounced nearly 3% and Largan Precision jumped 3.4%.

On Thursday, the S&P 500 index fell 4.11 points, or 0.2%, to 2,695.95. The benchmark index had been down as much as 2.9%. The Dow dropped 79.40 points, or 0.3%, to 24,947.67. The average briefly slumped as much as 784 points. The technology-heavy Nasdaq composite reversed an early loss to finish with a gain, adding 29.83 points, or 0.4%, to 7,188.26.

U.S. benchmark crude and Brent crude , used to price international oils, fell during Asian trading hours before later rebounding slightly.

   After falling earlier, the dollar   was at 112.82 yen from 112.80 yen late Thursday. 
 

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.35% 23675.64 Delayed Quote.-4.56%
HANG SENG -1.07% 25837.92 Real-time Quote.-12.75%
KOSPI COMPOSITE INDEX -0.64% 2060.59 Real-time Quote.-15.74%
LARGAN PRECISION CO., LTD. --End-of-day quote.
NASDAQ 100 0.67% 6491.5163 Delayed Quote.0.81%
NASDAQ COMP. 0.45% 6783.9114 Delayed Quote.-2.17%
NIKKEI 225 -1.81% 21118.43 Real-time Quote.-5.53%
S&P 500 0.01% 2546.16 Delayed Quote.-4.78%
S&P/ASX 200 -1.22% 5589.5 Real-time Quote.-6.71%
SAMSUNG ELECTRONICS CO LTD --End-of-day quote.
TENCENT HOLDINGS LTD -2.07% 302.4 End-of-day quote.-25.85%
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