Major stock indexes in the Asia-Pacific region traded mostly lower in late Friday's session after Alibaba Group Holding Ltd. fell 9.77% after revealing its earnings report for the second quarter of fiscal 2024. Bank of Japan Governor Kazuo Ueda said it will take time to bring inflation down to the target level of 2%, therefore the bank will "patiently" keep its ultra-loose monetary policy. Meanwhile, Japan, South Korea, and the United States agreed to boost their cooperation.
The Nikkei 225 closed 0.48% higher, while the S&P/ASX 200 lost 0.13% at close, and the Kospi Composite ended 0.75% lower. The Hang Seng sank by 2.10% at 7:35 am CET. In mainland China, the Shanghai Composite was flat, while the Shenzhen Composite gained 0.35% at 7:36 am CET.
The dollar fell 0.08% against the yen at 7:37 am CET, going for 150.61300.
