Economic news

Review: Asian shares rise despite U.S. trade probe against China

Asian shares were trading in green sector, unaffected by the possible U.S. restrictions on the import of Chinese steel for reasons of national security.

MSCI's broadest index of Asia-Pacific shares rose 0.5% on Friday, following the steady result of Wall Street overnight on expectations of significant growth in profits in the first quarter.

The Japanese Nikkei grew by 0.8%, on way for a weekly increase of 1.4%.

Chinese stocks in Shanghai inched up 0.1%, aiming for a decline of 2.2% for the week - the worst result since mid-December. Hong Kong shares were slightly changed, moving to a 0.8% decline for the week.

Photo: REUTERS/Issei Kato

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