On Friday, overall Asia stocks broadly recovered tumbling over another rout on Wall Street where Dow Jones Industrial Average dropped more than 500 points down.
In China, the Hang Seng index of Hong Kong gained 2.07 percent in the afternoon trade. On the mainland, the Shenzhen composite bounced back in the positive territory by 0.19 percent and reached at 1,296.36 whereas the Shanghai composite advanced by 0.91 percent to 2,606.91.
The Nikkei 225 of Japan closed higher by 0.46 percent at 22,694.66 and the Topix index closed at 1,702.45 largely flat.
The ASX 200 traded 0.2 percent up at 5,895.7 after shedding 0.52 percent in the previous session. However, the energy sector closed lower by 1.5 percent and the financial subindex was flat.
The shares of major banks recovered a bit but some ended lower on the board. Commonwealth Bank of Australia ended flat while Australia and New Zealand Banking Group traded 0.38 percent down after the chief executive of the bank announced that they had fired about 200 employees for unlawful activities.
In South Korea, the Kospi index gained 1.54 percent and reached at 2,162.37 and SK Hynix, a chipmaker saw gains of 5.07 percent.
Over the United States, Dow Jones Industrial Average closed lower at 25,052.83 while dropping by 545.91 points. The S&P 500 fell traded 2.1 percent down at 2,728.37 and the Nasdaq Composite declined 1.3 percent and arrived at 7,329.06.
The U.S. dollar index against the major currencies closed at 94.962 after falling down over the night. The Australian dollar fell asto $0.7122 after yesterday’s gains while the Japanese yen was at 112.34 against the U.S. dollar.
Meanwhile, shares of oil markets gained a bit such as Brent Crude futures gained 1.27 percent and reached $81.28 each barrel and the U.S. Crude futures advanced by 1.17 percent and arrived at $1.17 percent each barrel.