Asian markets traded higher Friday.
Overnight, Wall Street stocks finished strongly as Janet Yellen moved a step closer to the top job at the Federal Reserve after the Senate Banking Committee voted to approve her nomination to become Fed chairman next year. The weekly jobs report was also better-than-expected.
Stocks on the Move
Exporters pared initial gains as the yen regained some ground versus the dollar.
Still, Mazda Motor was up 1.1% while Honda Motor accelerated 1.5%.
Nintendo surged 3.7% while TDK Corp. was up 2.9%.
However, Bridgestone fell 1.5% and index heavyweight Sony fell 1%. Fanuc edged 0.2% lower.
Chinese banks extended gains in Hong Kong. Reuters reported that Chinese regulators plan to crack down on a rapidly growing “shadow banking” industry that operates outside of normal lending rules.
In Mumbai, Airtel was the top gainer, up 2.5%. ONGC, HDFC, Gail India, Tata Steel, and L&T were all up in a range between 1.1% and 1.9%.
Energy and mining stocks were among the big gainers in Sydney with index leader BHP Billiton up 0.7%. Aurora Oil & Gas was up 3.4%. BlueScope Steel strengthened 3.7%.