· Asian stocks edged up on Friday but were on course to end the week lower as deteriorating U.S.-China relations add to uncertainties over how fast economies can recover as they start to emerge from lockdowns.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2% but has lost about 1.0% so far this week.
· Tokyo shares rebounded on Friday after three straight sessions of losses, but logged their first weekly decline in three as investor sentiment took a hit following a deterioration in U.S.-China relations.
The benchmark Nikkei average ended 0.6% higher at 20,037.47, with recently-battered cyclical sectors leading gains. For the week, the index lost 0.7%.
· Chinese blue-chip stocks slipped on Friday to end their worst week since March as economic growth worries linger on lacklustre consumption and U.S.-China trade frictions.
At the close, the Shanghai Composite index was down 0.1% at 2,868.46. The index fell 0.9% week on week, its first week in negative territory in May ** The blue-chip CSI300 index fell 0.3% on Friday. It fell1.3% from the previous week, its biggest weekly drop since mid-March
· European markets opened higher on Friday as investors pin their hopes on economic reopening efforts and a host of key first-quarter data.
The pan-European Stoxx 600 climbed by 1.5% at the start of trading, with basic resources bouncing 3% to lead gains as all sectors and major bourses entered positive territory.
Reference: CNBC, Reuters