Friday, 25 November 2016

Asian stocks steady as dollar pulls back from 13-1/2-year high

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Asian stocks steadied on Friday as the Thanksgiving break in the United States pegged the dollar's relentless surge that had sucked capital out of most emerging markets. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05 percent on Friday. It is poised to end the week 0.8 percent higher, but remains down almost 2 percent from its close on November 8 before Donald Trump's surprise election to president, whose protectionist campaign promises are widely seen as negative for the region.

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