Asia stocks advance after Wall Street’s recovery continues
Asia stocks advanced on Friday after Wall Street ended volatile trade in positive territory, adding to the previous session’s big gains, although lingering investor jitters helped support safe-haven currencies such as the yen.
- Japan’s Nikkei bucked the trend and slipped 0.3 percent
- Australian stocks added 1 percent.
- South Korea’s KOSPI climbed 0.5 percent
- Dow adds 1.14 percent.
- MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8 percent.
- Shanghai Composite Index moved up 0.35 percent.
- The dollar extended overnight losses and was down 0.3 percent at 110.64 yen.
- The U.S. currency has fallen 1.1 percent against its Swiss peer on the month.
- The euro was a shade higher at $1.1450 after gaining 0.7 percent overnight.
- Spot gold, which has benefited this week from the global market turmoil was slightly higher at $1,278.71 an ounce
- Brent crude climbed 1.8 percent to $53.11 per barrel after losing more than 4 percent the previous day.
- U.S. crude futures up 2.2 percent at $45.60 per barrel, after sliding 3.5 percent the previous day.
- 10-year U.S. Treasury note yield was up 3 basis points at 2.773 percent,
- The yield had climbed to a seven-year peak of 3.26 percent in October