Stocks in Asia close mixed; fast Retailing rose by 5.8%

Stocks in Asia closed the session mixed. Some of the indices managed to climb up thanks to the rally in Wall Street.The Nikkei 225 index of Japan was close to its flat level early in the day, with tech and automaker stocks going down: Sony lost 0.39 percent, Honda went down by 0.92 percent and Toyota removed 0.47 percent. The largest stock in the index is Uniqlo’s owner Fast Retailing which saw a 5.88 percent increase following their announcement on Thursday that they reached record profit numbers. The Kospi index of Korea went up by 0.18 percent although tech stocks were down in early trade. SKY Hynix went down by 0.14 percent and Samsung Electronics dropped by 1.74 percent.

Dollar went down, euro rose on ECB’s monetary stimuli

The dollar went down on Friday due to mediocre factory inflation data while the euro made gains due to signs that the European Central Bank was preparing to cut down its big monetary stimuli.

The dollar index, which measures the U.S. currency against a group of six currencies, went down by 0.1 percent to 91.798. The dollar declined against the yen by 0.1 percent at 111.14 yen following Thursday’s six-week low of 111.05 yen. The euro gained 0.3 percent closing at $1.2062.

Bitcoin lost 2.6 percent closing at $12,903.33 following the 11 percent drop in the last session after the South Korean Government said that it was considering banning cryptocurrency trading.

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