A searing selloff rocked Asian shares and emerging market currencies on Friday as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows from the region.
European shares are expected to open slightly higher after moderate losses in the previous session, with spread-betters seeing major European indexes, such as Britain's FTSE .FTSE and Germany's DAX .GDAXI, rising 0.1 to 0.4 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1.4 percent as U.S. bond yields continued to soar on views that Trump's spending plans will push up inflation, possibly triggering more aggressive rate hikes by the Federal Reserve.
Japan's Nikkei stood firmer on Friday, not far a nine-month high, as investors took profit after markets rose on hopes that President-elect Donald Trump's policies could boost growth.
The Nikkei gained 0.2 percent to 17,374.79, after rising as much as 17,621.73 earlier, the highest level since Feb. 2.
For the week, the benchmark index soared 2.8 percent, the biggest weekly gain since early September.
China stocks rose to a fresh 10-month high, as a frenzy in material and infrastructure stocks helped lift sentiment across the board, shrugging off the yuan's continued weakness.
The benchmark Shanghai Composite Index gained 0.8 percent to 3,196.04 points, its highest since Jan. 8, while the blue-chip CSI300 index advanced 0.8 percent to 3,417.22 points.
For the week, SSEC ended up 2.3 percent, while CSI300 added 1.9 percent, both up for the fifth consecutive week on growing conviction that China's economy is stabilising.
Reference: Reuters
Thai
Eng