Asian shares get lift from Wall Street, dollar firms
- 9 years ago
Asian shares rose on Friday following gains on Wall Street, while the dollar firmed after facing pressure from a rise in the yuan, but gains were capped by uncertainty over whether the Federal Reserve will raise interest rates next week.
MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.8 percent, and on track to rise more than 3 percent for the week.
Chinese shares got off to a wobbly start, with the CSI300 index and Shanghai Composite Index up slightly by late morning after bobbing in and out of negative territory.
Investors are awaiting Chinese industrial output, retail sales and investment data on Sunday for clues on whether the world's second-largest economy is continuing to lose momentum, which could set the tone for trading next week.
MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.8 percent, and on track to rise more than 3 percent for the week.
Chinese shares got off to a wobbly start, with the CSI300 index and Shanghai Composite Index up slightly by late morning after bobbing in and out of negative territory.
Investors are awaiting Chinese industrial output, retail sales and investment data on Sunday for clues on whether the world's second-largest economy is continuing to lose momentum, which could set the tone for trading next week.