Asian shares mixed on ECB easing vow

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Nikkei 225 Index

Last Updated at 23 Mar 2018, 06:45 GMT Nikkei 225 one month chart
value change %
20617.86 -

Asian shares were trading mixed on Friday after the European Central Bank (ECB) said it would take more easing steps if necessary to boost growth.

ECB President Mario Draghi vowed to take more easing steps to spark growth in the eurozone after leaving interest rates at a record low of 0.05%.

Investors, however, were cautious ahead of US jobs data due out later on Friday.

Japan's Nikkei 225 closed up 0.5% at 16,880.38 to finish the week up 2.8%.

A weaker yen boosted exporters. The dollar was at 115.37 yen in Asian trade, up from 115.16 yen in New York trade.

Shares of troubled car parts maker Takata fell as much as 7% after the New York Times reported that the firm had concealed risks of potentially defective airbags following an accident in 2004.

In Hong Kong, the benchmark Hang Seng Index closed down 0.42% at 23,550.24 points after four consecutive days of losses, while on the mainland, the Shanghai Composite closed down 0.32% at 2,418.17 points.

In Australia, shares were higher as steadying metal prices supported mining shares.

The benchmark S&P/ASX 200 index closed up 0.8% at 5,549.1 points, rising 0.4% for the week.

Shares of Rio Tinto were up 1.2% despite news that one of its iron ore trains derailed in the Canadian province of Quebec and the single train operator was missing following an apparent landslide.

In South Korea, the Kospi index finished up 0.2% to 1,939.87 points, while the won fell for the seventh consecutive session.

The won was at 1,093.7 to the dollar, hovering near a 14-month low on the broad strength of the US currency.

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