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• Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.5 percent to the highest level since July 2015, and was on track to gain 1.5 for the week. The Shanghai Composite Index .SSEC was up 0.4 percent.

• Japan's Nikkei share average soared on Friday to a two-week high, following Wall Street's lead after U.S. President Donald Trump said he would make a major tax announcement in a few weeks.

The Nikkei gained 2.5 percent to 19,378.93, its highest closing level since Jan. 27. For the week, the index added 2.4 percent, the biggest weekly gain since early December.

• China's main stock indexes rose on Friday and produced their biggest weekly gains in more than two months, led by infrastructure and material shares, as the country pledged to push its "One Belt, One Road" initiative.

The blue-chip CSI300 index rose 0.5 percent, to 3,413.49 points, while the Shanghai Composite Index added 0.4 percent to 3,196.70 points.

China's Ministry of Commerce said the "One Belt One Road" initiative held "significant meaning" despite slow cost recovery and it would benefit neighbouring countries.

• Hong Kong stocks closed at a 3-1/2-month high on Friday, with support from Wall Street's gains on promises of tax cuts and capital inflows from the mainland.

The benchmark Hang Seng index added 0.2 percent, to 23,574.98 points, while the Hong Kong China Enterprises Index gained 0.5 percent, to 10,125.21 points.

Reference: Reuters, CNBC