Asian stocks rebound amid holiday-thinned trades

Calm has spread across the Asian markets amid holiday-thinned trades on Friday, as markets continue to digest the latest unimpressive US data dump, which once again cast doubt on the Fed’s rate hike prospects.

The Japanese and Australian stocks attempt a recovery from the previous slump, bringing an end to six-day losing streak on the back of a profit-taking spree as we head into key central banks’ policy decisions next week, with FOMC and BOJ on the cards.

While solid rebound staged by oil prices lift the energy stocks, and aids the recovery in the Asian indices. Meanwhile, the Japanese benchmark index, the Nikkei 225 rises +0.37% to 16,470. The Australian S&P/ASX 200 jumps +0.75% to flirt with 5,300 mark.

The Chinese, Hong Kong, Korean, Malaysian & Taiwanese markets remain closed today as they observe a market holiday.