Asian shares steady, dollar slumps on ECB’s tapering signal

Asian Market 1

Asian shares edged up on Friday as investors kept a wary eye on another US storm, while the dollar skidded after European Central Bank chief Mario Draghi suggested the bank may begin tapering its massive stimulus programme this autumn.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 percent, but was still down 0.2 percent for the week.

Japan’s Nikkei stock index was pressured by a stronger yen and slipped 0.5 percent, losing 2 percent for the week.

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