Asian markets rise


Hong Kong—Asian markets on Friday tracked a rally on Wall Street after another round of below-par US data doused expectations for a Federal Reserve interest rate hike this month.
Equities globally have suffered during a volatile week as top Fed officials gave conflicting views on the need for tighter monetary policy, fuelling uncertainty across trading floors.
But the chances of a move at next week’s policy meeting were diminished Thursday with the release of lacklustre retail sales figures as well as weak readings on industrial output and wholesales inflation.
All three indexes in New York surged more than one percent, which in turn filtered though to Asia, where trade was thinned by public holidays.
Tokyo ended the morning 0.4 percent higher, while Sydney jumped more than one percent, Singapore added 0.8 percent and Wellington climbed 0.9 percent.
Shanghai, Hong Kong, Seoul, Kuala Lumpur and Taipei were closed for public holidays.—AFP