Singapore — Asian stocks were mixed on Friday, while the dollar surrendered some of the overnight gains it made on strong economic data amid ongoing political turbulence around US President Donald Trump. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.1%, on track for a weekly loss of 0.5%. Japan’s Nikkei reversed early gains to trade 0.15% lower, extending declines for the week to 1.8% for the week. Chinese shares added 0.1%, up 0.4% for the week. Hong Kong’s Hang Seng advanced 0.2%, set for a weekly rise of 0.1%. "The trend we have seen with Asian markets this morning has been one of mixed performances," said Jingyi Pan, market strategist at IG in Singapore. "While US markets managed to stage a moderate recovery with investors finding good entry points after the heavy sell-off, Asian investors are likely choosing to err on the cautious side, especially with multiple event risks in the week ahead." These events included testimony by former Federal Bureau of Inv...
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