SYDNEY, Australia Taking a lead from Wall Street, stock markets in Asia put in a strong showing on Friday, allowing most bourses to close out the week on a positive note.

Renewed confidence in the U.S. and China resolving their issues on trade, and strong earnings results put a floor under share prices.

In Tokyo, the Nikkei 225 roared ahead, gaining 557.59 points or 2.57% to close at 22,245.24.

In China, the Shanghai Composite jumped 58.08 points or 2.23% to 2,664.32 in late afternoon trading.

The Australian Stock Exchange, the ASX rose for the sixth day in a row, finishing the day just a little ahead. The Australian All Ords was up 9.90 points or 0.17% at the close Friday to finish the week at 5,935.80.

In Hong Kong, in late trading on Friday the Hang Seng had soared 906.13 points or 3.57% to 26,322.13.

There was also plenty of action on foreign exchange markets in Asia on Friday too as the Australian dollar surged, buoyed by prospects of a U.S. deal with China.

Its amazing how a few utterances from Donald Trump can add hundreds of billions of dollars, if not trillions, to the capitalisation of stocks around the world, a spokesman for the Big News Network news agency said Friday.

A good move too going into the U.S. midterm elections, with the doom and gloom of the past couple of weeks evaporating.

In late trading in Asia on Friday the British pound was changing hands at 1.3007, having traded as high as 1.3036 earlier in the day, up around 250 basis points in 24 hours.

The euro was in demand at 1.1427.

The Swiss franc rose to 1.00147.

The Canadian dollar was stronger at 1.3073.

The Australian dollar climbed above two major technical hurdles, 0.71 and 0.72 to be trading at 0.7242 in Sydney on Friday, after hitting an earlier high of 0.7252.

The New Zealand dollar followed in the tracks of its Trans-Tasman counterpart, rising to 0.6680.

Only the Japanese yen stayed away from the party, losing ground to 112.98.

Positive third quarter earnings and optimism from U.S. President Donald Trump that a deal on trade could be struck with China, lifted trading on Wall Street overnight.

Trump said he would meet Chinas President Xi Jinping at the G-20 summit in Argentina at the end of November.

Maybe theres going to be some hope that a trade deal with China will actually come through, Robert Pavlik, chief investment strategist, senior portfolio manager at SlateStone Wealth LLC in New York was quoted by Reuters Thomson as saying.

By the close of trading Thursday, the Dow Jones industrials had risen 265.05 points or 1.06% to 25,380.81.

The Standard and Poors 500 added 28.6 points or 1.05% to 2,740.34.

The tech-laden Nasdaq Composite did best of all, climbing 128.16 points 1.75% to 7,434.06.