Economic news

Review: Asian shares plunge

Asian shares fell on Friday, as investors remained cautious on risk taking.

MSCI's broadest index of Asia-Pacific shares dropped 0.2% but is on the way to growth of 1.7% by the end of the week, which would be its best result in the last six weeks. Earlier this week, the index reached a nearly two-year peak.

The Japanese Nikkei fell by 0.2%, as in March industrial production and household expenditures slid more than anticipated, and consumer inflation was moderate. However, the index was set for a 3.2% growth for the week - the strongest result since November.

Photo: REUTERS/Iqro Rinaldi

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