Asian shares rose, paring a weekly loss, as China and the U.S. prepared for a new round of talks to ease trade tensions. The dollar extended its retreat to a one-week low.
The MSCI Asia Pacific Index climbed 0.5 percent to 161.84 as of 11:00 a.m. in Hong Kong, reducing its weekly drop to 2.2 percent. Japan's Topix gained 0.7 percent, while South Korea's Kospi added 0.3 percent. Hong Kong’s Hang Seng China Enterprises Index rose 0.5 percent after the offshore yuan on Thursday jumped the most since January 2017.
Technology and financial shares were among the region’s best performers. The MSCI Asia Pacific Information Technology Index snapped a five-day losing streak to gain 0.7 percent, boosted by Tencent Holdings Ltd. and Taiwan Semiconductor Manufacturing Co. A financial sub-gauge of the Asian benchmark advanced 0.8 percent.
Source : Bloomberg