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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Asia close: Stocks end mostly higher, but traders cautious

(Sharecast News) - Asian indices were mostly higher at the end of the week, tracking a reversal in Wall Street futures after the top Democrat in the US Senate said he would not vote against a funding bill aimed at avoiding a government shutdown. Japan's Nikkei-225 added 0.92% to reach 37,053.10, alongside a 1.81% advance on the Shanghai Stock Exchange's composite index to 3,419.56.

Hong Kong's Hang Seng meanwhile climbed 2.12% to 23,959.98.

Indices in Australia, New Zealand and Taiwan recorded more modest gains.

Nevertheless, some market participants remained quite cautious.

In that regard, Stephen Innes, managing partner at SPI Asset Management, told clients: "All eyes are now on whether risk assets can stabilize or if another wave of selling pressure emerges as markets continue to digest the broader economic and inflationary implications of Trump's trade war gambit."

"[...] But don't mistake this bounce for a reversal-if the latest price action around the tariff turmoil is any indication, this rally could merely be a gift-wrapped opportunity for bears to reload."

In local news, it was reported that officials from China's commerce and finance ministries, together with others from the central bank, would meet on Monday to discuss measures aimed at buttressing consumption.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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