Asian stocks go up positively affected by the bullishness in Wall Street 

Asian stocks went up on Friday reacting to the bullish tendencies in Wall Street with the Dow posting another session of gains for the sixth time in a row. Japan’s Nikkei 225 went up by 0.68 percent; the Topix gained 0.55 percent. The materials sector performed badly during morning trade, with the mining subindex of the Topix losing 3.56 percent. Yet declines were balanced out by gains made in the tech and financials sectors. In South Korea, the Kospi rose by 0.55 percent thanks to the rises seen in the tech and auto sectors. Samsung Electronics’ gained 0.78 percent. Down under, the S&P/ASX 200 rose by 0.25 percent. 

Dollar retreats from 2018 peak following mediocre US inflation data 

The dollar went down from its highest level this year against a group of its peers on Friday following mediocre inflation data. The dollar index, which tracks the dollar against a basket of major currencies, went down to 92.71 from the four-and-a-half-month high of 93.42 reached on Wednesday. 

Against the yen, the dollar climbed down from Thursday’s 110.02 yen to 109.40 yen. The euro went higher to 130.38 yen continuing its steady recovery from a level of 129.24 yen seen on Tuesday. Compared to the dollar, the euro made a comeback, trading at $1.1918 after experiencing its four-and-a-half-month low of $1.1823 on Wednesday. The Australian dollar was at $0.7526 and the New Zealand dollar was at $0.6966.

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