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Asian stock markets rallied on Friday, taking their lead from Wall Street where news President Donald Trump ordered a probe into imports of steel lifted names in the sector.

Japan’s Topix was up 0.9 per cent. Shares in Fujifilm were down 3.9 per cent and among the biggest decliners in Tokyo after the company said it delayed the release of its fourth-quarter earnings after finding accounting irregularities at a sales subsidiary.

Australia’s S&P/ASX 200 added 0.6 per cent. DUET Group gained 9.5 per cent after the Australian government approved the takeover of the energy network operator by a consortium led by Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings.

In Hong Kong, CK Infrastructure shares were down 0.5 per cent versus a gain of as much for the benchmark Hang Seng. China’s Shanghai Composite was up 0.2 per cent.

The S&P 500 added 0.9 per cent on Thursday.

Copyright The Financial Times Limited 2017. All rights reserved.
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