Most Asian stock markets edged up in early trading Friday, led by overnight gains on Wall Street as strong U.S. retail sales data boosted confidence in recovery in the world's biggest economy.
Japan's benchmark Nikkei 225 stock average rose 17.25 points, or 0.2 percent, to 11,185.45. Australia's benchmark was up 0.3 percent at 4,973.70.
But South Korea's Kospi index slipped 0.9 percent to 1,718.04.
In New York overnight, the Dow Jones industria average gained 29.55, or 0.3 percent, to 10,927.07 as investors took heart from strong U.S. retail sales data in March.
Discounter Target Corp., department store Macy's Inc., clothier Gap Inc. and Victoria's Secret parent Limited Brands Inc. posted double-digit increases in March sales that beat Wall Stret analysts' expectations.
Overall, sales in stores open at least a year rose 9 percent in March, based on an index of 31 retailers compiled by the International Council of Shopping Centers.
In currencies, the dollar rose to 93.60 yen from 93.11 yen in New York late Thursday. The euro stood at $1.3357,little moved from $1.3356.
thejakartapost
Japan's benchmark Nikkei 225 stock average rose 17.25 points, or 0.2 percent, to 11,185.45. Australia's benchmark was up 0.3 percent at 4,973.70.
But South Korea's Kospi index slipped 0.9 percent to 1,718.04.
In New York overnight, the Dow Jones industria average gained 29.55, or 0.3 percent, to 10,927.07 as investors took heart from strong U.S. retail sales data in March.
Discounter Target Corp., department store Macy's Inc., clothier Gap Inc. and Victoria's Secret parent Limited Brands Inc. posted double-digit increases in March sales that beat Wall Stret analysts' expectations.
Overall, sales in stores open at least a year rose 9 percent in March, based on an index of 31 retailers compiled by the International Council of Shopping Centers.
In currencies, the dollar rose to 93.60 yen from 93.11 yen in New York late Thursday. The euro stood at $1.3357,little moved from $1.3356.
thejakartapost
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