Asian shares ended mixed on Friday, even as investors welcomed a statement from France and Germany promising to provide firm details of a rescue plan for the euro zone in the next few days.Hong Kong's Hang Seng gained 0.2%; South Korea's Kospi rose 1.8% and Singapore's Strait Times index advanced 0.7%. But China's Shanghai Coposite index fell 0.6% and Japan's Nikkei-225 closed marginally lower.European stock markets gained on Friday, on hopes that European leaders can soon find a solution to the European-debt crisis. So London's FTSE-100, Germany DAX and France's CAC-40 rose between 0.7% and 1.1% in intra-day trade, today. Meanwhile, French President Nicolas Sarkozy and German Chancellor Angela Merkel, yesterday, said that they would 'provide a comprehensive and ambitious response to the current crisis in the euro area.'Also, the Greek parliament approved a painful set of austerity measures, yesterday, defying violent protests in central Athens and a general strike, which shut down much of the country. The victory should ensure the European Union and the IMF release a vital 11 billion dollars loan tranche which the government needs to keep paying its bills past November.
News On AIR | October 21, 2011 7:39 PM
Asian shares ends mixed ahead of euro zone debt talks