Asian equities edge up ahead of holiday weekend

Asian equities edge up ahead of holiday weekend

On Friday, Asia-Pacific equities mostly ascended in thin preholiday trade, reacting to an overnight rebound in EU shares as well as mild profits on Wall Street.

In South Korea, Kospi gained 0.2%, Samsung Electronics rallied 0.8%. In Japan, the Nikkei NIK concluded morning trade down 6 points showing an outcome of 22,860.

The currency pair BTC/USD, dived in morning trade, descending to $13,200 from $15,800 in three hours before rapidly rebounding above $14,000. A great number of the biggest cryptocurrencies also went down considerably, with bitcoin cash diving 27% for the last day.

The common currency headed south in Asia trade after Catalonia’s separatist parties managed to win a majority in the regional assembly. The euro dived to $1.1815, although it has already rebounded to $1.1850.

Crude pulled back after fresh Thursday’s revenues. Both the global and American oil benchmarks descended 0.3%.

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