Asia tentative, dollar languishes on US politics, mixed data

Epic Research Update : Asian MarketsEpic Research Update : Asian Markets

Asian stocks struggled on Friday after a technology-led drop on Wall Street, while US Treasury yields and the dollar remained under pressure on signs that probes into possible Russian interference in the 2016 US elections are gathering pace.

MSCI’s broadest index of Asia-Pacific shares outside Japan was marginally higher, with many investors reluctant to stake out fresh positions ahead of US job data later in the global day.

The index was poised to rise 0.2 percent for the week, taking its gains for far this year to nearly 24 percent.

Japan’s Nikkei dropped 0.4 percent on a stronger yen, and looked set to end the week little changed.

 South Korea’s Kospi , which closed at a 3-1/2-week low on Thursday, recovered 0.3 percent. It is down 0.4 percent this week.

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Epic Research
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