Asian stocks posted modest losses Friday following a weak U.S. session as investors mulled an uncertain economic backdrop and mixed signals on trade negotiations. Treasury yields pared Thursday's gains.
Shares in Japan, Hong Kong and Korea retreated and Australian equities edged higher after weaker than expected data from Europe and the U.S. reignited worries about the world economy. U.S. durable goods orders were below expectations and home sales missed estimates. The dollar held an overnight gain amid reports signaling uneven progress in U.S.-China trade talks as next week's deadline for more tariffs nears. The Aussie recouped some losses after the nation’s Treasurer said China had not banned its imports.
The MSCI Asia Pacific Index fell 0.4 percent at 11:01 a.m. Tokyo time.
Source : Bloomberg