ASIA MARKETS: Japan's Nikkei Spikes Above 21,000 For First Time Since 1996

By Lucy Craymer Features Dow Jones Newswires

Asian markets mostly rise to wrap week of milestones

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Japan's surging stock market set the tone for Asia Friday, with its leading index topping 21,000 for the first time since 1996.

The Nikkei rose 0.9% to 21,155.18, even as the yen strengthened slightly. Japan's benchmark index hit a two-decade closing high.

Chinese trade figures and, later, U.S. consumer-price data were also factors, OCBC Bank said.

Exports climbed 9% from a year ago in yuan terms in September, while imports jumped 20%.

Chinese stock indexes remained essentially unchanged after the release of trade data, while other locales didn't budge from prerelease levels, either. That came amid a lack of fresh reasons for investors to heavily buy equities further, after broad gains seen around the world the past month sent indexes to record and multidecade highs.

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The Shanghai Composite Index rose 4.42, or 0.1%, to 3,390.52 as traders await new policy initiatives from the Communist Party Congress, which starts next week.

Hong Kong's Hang Seng Index rose 17.40, or just less than 0.1%, at 28,476.43,

New Zealand's stock benchmark gained 0.3% Friday, a record-extending ninth-straight rise -- all of them new highs. The index closed at 8,089.32 Friday.

South Korea's Kospi had notched all-time closing levels in the past two sessions but sputtered Friday, closing down less than 0.1% as index heavyweight Samsung Electronics Co. (005930.SE) fell 0.6%. That trimmed the stock's jump this week to 6.3% and came even as the company projected third-quarter results that were slightly above consensus forecasts.

(END) Dow Jones Newswires

October 13, 2017 07:52 ET (11:52 GMT)