Hong Kong and Shanghai both increased by one percent, while Tokyo increased by one percent.
Nissan, a struggling Japanese vehicle company, issued a stark income warning on Thursday, which predicted a significant reduction of up to US$ 5.3 billion in the 2024 to 2025 fiscal year.
As Nissan stock rose more than 3 % on Friday, the markets can see that the company “is moving forward toward turnaround,” according to Bloomberg Intelligence scientist Tatsuo Yoshida.
” Nissan Motor’s turn requires the bookkeeping of substantial impairment deficits and restructuring charges.”
Seoul increased 0.5 % after US Treasury Secretary Scott Bessent predicted a “diplomatic” agreement between South Korea and the US might be reached by the following year.
Taipei, Sydney, Singapore, Manila, and Wellington all rose.
Markets were reacting to Google’s parent company’s solid earnings, which announced on Thursday a profit of US$ 34.5 billion in the most recent quarter.
According to the tech giant, overall revenue at Alphabet increased by 14 % to US$ 90.2 % from the same period last year, while revenue for the cloud unit increased by 28 % to US$ 210.3 %.
Additionally, Chan of MUFG pointed out that the Federal Reserve might reduce interest costs sooner than anticipated.
Fed Governor Christopher Waller stated in an interview with Bloomberg Television that he would help interest rate reductions if severe taxes affected the job market.
According to Chan,” Fed’s Waller has said he would help price breaks if the labor market significantly deteriorates,” according to the most recent Fed speech.