Asia stocks, Dollar edge up after China-induced Fall
Asian stocks edged higher and the dollar bounced on Friday as global markets took a breather after being churned by downbeat Chinese economic data the previous day. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early trade after dropping 1.1 percent on Thursday. It was headed for a loss of 2.3 percent on the week.
Japan's Nikkei inched up 0.1 percent and was on track for a 0.3 percent weekly loss. South Korea's Kospi rose 0.6 percent and Australian stocks was up 0.1 percent. Overnight, the Dow fell 0.3 percent and Nasdaq shed 0.5 percent, led by falls in financial shares and weak Chinese trade numbers, although a late-day rebound in crude oil limited the decline.
China's exports fell 10 percent year-on-year in September, worse than expected, while imports unexpectedly shrank, reviving concerns about the health of the world's second-biggest economy.
No comments:
Post a Comment