Asian stocks and the dollar bounced on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of the world's second-biggest economy.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.4 percent after dropping 1.1 percent on Thursday, when weak Chinese export numbers hit global equities, stopped a rise in U.S. yields and halted the dollar's advance.
Japan's Nikkei share average rose in choppy trade on Friday as index heavyweight Fast Retailing Co's strong gains offset negative sentiment from Wall Street's weakness overnight. The Nikkei ended 0.5 percent higher after trading in negative territory earlier. The benchmark index was nearly flat for the week.
China stock ended little changed on Friday as investors wrestled with mixed economic reports ahead of third-quarter GDP data next week that will shed more light on the health of the economy.
The blue-chip CSI300 index rose 0.1 percent, to 3,305.85, while the Shanghai Composite Index also gained 0.1 percent to 3,063.81 points
Reference: Reuters
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