Economic news

Review: Asian stocks advance as U.S. Senate adopts fiscal 2018 budget plan

Asian stocks climbed on Friday following the U.S. Senate decision to accept a budget plan for the 2018 fiscal year.

MSCI’s broadest index of Asia-Pacific shares, which touched a 10-year high on Tuesday, rose 0.3 percent, but still on course to end the week lower.

Japan's Nikkei recovered from earlier losses and inched up 0.04 percent, set for an impressive weekly incease of 1.4 percent.

Hong Kong's Hang Seng index edged up 0.8 percent, the Shanghai Composite Index inched slightly higher, while the blue-chip CSI300 index lost 0.3 percent.

Australia’s S&P/ASX 200 Index ticked up 0.2 percent and South Korea’s Kospi index advanced 0.5 percent.


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