Most Asia-Pacific (APAC) share markets rose on Friday morning despite a lower finish overnight on Wall Street, buoyed by subsequent United States stock futures trading.
As of 11:50 pm AEST (1:50 am GMT), Australia’s S&P/ASX 200 was up by 0.1% at 8,547.2 points, South Korea’s Kospi 200 had gained 1.5% to 2,812.05 and Japan’s Nikkei 225 was 0.5% higher at 37,725.83.
The Indian market was also in the black during morning trading with the BSE Sensex index adding 0.6% to 81,442.04 points.
But the positive mood did not extend to mainland China, where the Shanghai Composite was down 0.1% to 3,3821.89 points and the CSI 300 had lost 0.1% to close at 3,875.21, or to Hong Kong, where the Hang Seng Index dropped 0.1% to 23,887.20.
In New York on Thursday (Friday AEST), the Dow Jones Industrial Average fell 0.25%, the S&P 500 declined 0.5% and the Nasdaq Composite shed 0.8% as the relationship between President Donald Trump and his former adviser Elon Musk deteriorated.
Shares in electric vehicle maker (EV) Tesla (NASDAQ: TSLA) slumped $47.37 or 14.27% to $284.68 as its CEO Musk and Trump traded barbs via social media over a budget bill and support for the EV industry.
But in futures trading after the closing bell the Dow and S&P recovered while the tech-laden Nasdaq remained weighed down by Telsa as investors awaited non-farm payroll data on Friday to learn more about the state of the economy and direction of interest rates.
European share markets had closed mixed overnight with the UK’s FTSE 100 up by 0.1% at 8,811.04 points and Germany’s DAX 0.2% higher at 24,323.58 and France’s CAC 40 down 0.2% to 7,790.27.
Gold rose 0.4% to US$3,364.88 per ounce in the wake of news that Trump and Chinese leader Xi Jinping had agreed to further talks to settle trade disputes while Brent crude oil dipped 0.3% to US$65.17 per barrel.
