Asian stocks close week with gains, European markets on rise

Stocks in Europe manage to recover slightly after consecutive days of massive losses

Övünç Kutlu   | 13.05.2022
Asian stocks close week with gains, European markets on rise


Most Asian stock markets closed with gains on Friday, while European exchanges were on the rise as indices try to recover from a week of losses.​​​​​​​

The Asia Dow, which includes blue-chip companies in the region, was down 64 points, or 2%, to 3,274 at 0943GMT.

Tokyo’s Nikkei 225 stock exchange gained 678 points, or 2.64%, to 26,427.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, was the best performer in Asia, soaring by 518 points, or 2.68%, to 19,898.

China’s Shanghai stock exchange was up by 29 points, or 0.96%, to finish at 3,084.

India’s Sensex benchmark was the only negative performer of the day, dropping 220 points, or 0.42%, to 52,709.

The Singapore index increased 25 points, or 0.82%, to 3,190.

After consecutive days of massive losses, European stock exchanges managed to mount a slight recovery on Friday.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was up 5.3 points, or 1.25%, to 429.70 points at 0948GMT.

London’s FTSE 100 rose 107 points, or 1.48%, to 7,340, while Germany’s DAX 30 gained 155 points, or 1.13%, to 13,895.

France’s CAC 40 climbed 83 points, or 1.34%, to 6,290, and Italy’s FTSE MIB added 242 points, or 1.03%, to 23,810.

Spain’s IBEX 35 increased 84 points, or 1.03%, to 8,284.

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