Asian stocks up amid caution on G-20 meeting

Asian stocks up amid caution on G-20 meeting

Tokyo: Asian stock markets rose in early trading Friday, but their gains were modest as investors stayed on the sidelines ahead of the outcome of a two-day G-20 summit of major economies.

Japan’s benchmark Nikkei 225 stock index gained 43.36 points, or 0.5%, to 9,419.84.

South Korea’s Kospi added 1.0% to 1,892.65. Australia’s S&P/ASX 200 was up 0.3% at 4,710.40.

Sentiment in Asia held firm following overnight gains on Wall Street, but investors traded with caution as world finance ministers and central bank governors gathered in South Korea for a two-day G-20 meeting.

Investors awaited the outcome of the G-20 conference opening Friday, and were closely monitoring moves in currency exchange rates.

In New York Thursday, the Dow Jones industrial average climbed 38.60 points, or 0.4%, to close at 11,146.57, supported by better-than-expected earnings results from McDonald’s Corp. and insurer Travelers Cos Inc.

Close