Asian markets are exhibiting mixed trend in the early deals on Friday, with Chinese markets returning from a five-day break, while investors awaited Friday's US jobs report. Chinese stocks slumped after Beijing unexpectedly raised short-term interest rates, adding to growing concerns about US President's Donald Trump's aggressive policies. Japan's Nikkei edged higher despite investors awaiting the release of the US monthly jobs report that will set the tone for the Federal Reserve's policy outlook, while bank stocks outperformed on higher yields. Among the other Asian markets, South Korea, Singapore and Hong Kong are also lower. Bucking the trend, Taiwan, Indonesia and Malaysia are modestly higher.
Nikkei 225 gained 21.82 points or 0.12% to 18,936.40, Jakarta Composite rose 8.67 points or 0.16% to 5,362.39, FTSE Bursa Malaysia KLCI added 6.17 points or 0.37% to 1,679.65, and Taiwan Weighted was up by 1.85 points or 0.02% to 9,430.82.
On the flip side, Shanghai Composite dipped 18.07 points or 0.57% to 3,141.10, Hang Seng dropped 111.88 points or 0.48% to 23,072.64, Straits Times slipped 9.44 points or 0.31% to 3,034.64, and KOSPI Index was down by 1.96 points or 0.09% to 2,069.05.