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• Asian stocks advanced on Friday, once again shrugging off a sluggish day on Wall Street, and the dollar strengthened as attention shifted to the central bankers’ symposium that began on Thursday in Jackson Hole, Wyoming.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS, was up 0.25 percent, set to end the week 1.6 percent higher.
• Japan’s Nikkei share average rose on Friday morning as the dollar was steady against the yen, but activity was subdued as investors waited on speeches at the central bankers’ symposium in Jackson Hole, Wyoming, that began on Thursday.
By the midday break, the Nikkei rose 0.5 percent to 19,440.36, after falling to more than a three-month low on the previous day. For the week, the Nikkei has fallen 0.3 percent so far, heading for a sixth straight weekly fall, the longest losing streak since January 2014 on a weekly basis.
Reference: Reuters, CNBC
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