FXstreet.com (Barcelona) - Asian markets are going through gains on Friday, with investors' sentiment somewhat brighter after a string of upbeat earnings reports by U.S. companies. Euro and Pound have resumed their uptrends on improved risk appetite.
Japanese Nikkei Index adds 0.5% , while Hong Kong's Hang Seng Index adds 1.5% and South Korean Kospi Index rises 0.7%. In china,m Shangai composite Index advanced 2.3%. Markets in Australia, India and Singapore have also advanced.
Asian markets have followed Wall Street's track, which closed with gains, after a mixed opening, as risk appetite increased on the back of strong profits by U.S. companies. In Asian trade, upbeat results from automakers Kia and chipmaker Hynix Semiconductor Inc have continued giving confidence on economic recovery.
Euro and Pound reach fresh highs
EUR/USD retreated on Thursday from Wednesday's high at 1.5045, to find support at 1.4940 on early European session and the Euro bounced afterwards to return above 1.50, and briefly, reach levels above 1.5040 hitting a fresh 14 month high at 1.5060 before easing to 1.5020 art the moment of writing.
GBP/USD retreated on Thursday from 6-week high at 1.6635 to 1.6385 low on European session, and the Pound bounced afterwards to break above 1.6635 and hit a fresh high at 1.6675 during Asian session.
USD/JPY rose on Thursday's U.S. session to 91.70, 4-week high and eased afterwards to 91.20 to bounce during Asian session and reach back to 91.70 high, which is being tested at the moment of writing.