Industry

Asian stock markets close Friday with losses

Major Asian stock markets ended Friday with losses amid concerns over hawkish remarks from US Federal Reserve officials and China's zero-COVID approach.

The Asia Dow, which includes blue-chip companies in the region, was the sole index to enjoy a rise on Friday and close at 3,167.03 points, up 0.29%. On a weekly basis, it was slightly down by 0.03%.

Tokyo's Nikkei 225 stock exchange fell 1.29% to 27,899.77, down 1.29% over the week.

Japan's annual consumer inflation rate rose to 3.7% in October, the highest since 1991, according to official data released on Friday.

Bank of Japan Governor Haruhiko Kuroda pointed out the need to maintain ultra-loose monetary policy in a bid to assist the economy following the hot inflation data.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, fell 0.29% to 17,992.5 points, while it had weekly gains of 3.85%.?

China's Shanghai stock exchange decreased 0.58% from the previous close to 3,097.24 points on Friday, while it was up 0.32% on a weekly basis.

The Indian Sensex benchmark dropped 0.14% to 61,663.48, while the Singapore benchmark index lost 0.42% to 3,272.23 points.

Source: Anadolu Agency