Asian stocks
steadied on Friday, taking in stride the resumption of the U.S.
technology rout overnight, and European shares look set for a positive
start following Thursday's losses.
The
Japanese yen remained near a two-week low against the dollar after the
Bank of Japan left monetary policy unchanged as expected even as its
U.S. counterpart signaled further tightening.
It was trading 0.3 percent lower at 111.23 yen JPY=D4 per dollar after the BOJ left in place its program to buy Japanese government bonds, and kept its short-term interest rate target at minus 0.1 percent and its 10-year government bond yield target at around zero percent.
As expected, the central bank offered a more upbeat view on private consumption and overseas economies, signaling its confidence that the recovery was gaining momentum.
Japan's Nikkei .N225 advanced 0.7 percent, narrowing its loss for the week to 0.3 percent.
"The market was relieved that there was no mention of an exit strategy, at least for now," said Yoshinori Shigemi, global market strategist at JPMorgan Asset Management.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped about 0.1 percent, on track to end the week down 0.85 percent.
Financial spreadbetters expect Britain's FTSE 100 .FTSE, Germany's DAX .GDAXI and France's CAC 40 .FCHI to all open up about 0.2 percent.
Overnight, the Nasdaq .IXIC led losses on Wall Street with a 0.5 percent drop, dragged lower by shares including Apple .AAPL.O and Alphabet (GOOGL.O) that tumbled on bearish analysts' reports. The S&P 500 technology index .SPLRCT also declined 0.5 percent.
The broader S&P 500 index .SPX fell 0.2 percent and the Dow Jones Industrial Average .DJI slipped 0.1 percent.
South Korea's KOSPI .KS11 slipped about 0.1 percent, surrendering early gains. The biggest company, Samsung Electronics (005930.KS) added 0.1 percent.
The second biggest firm, semiconductor concern SK Hynix (000660.KS), hit a 15-year high before pulling back to trade 0.2 percent lower.
The technology-heavy Taiwan index .TWII widened gains to 0.6 percent, with the biggest company, Taiwan Semiconductor Manufacturing Co. (2330.TW) jumping 1.7 percent and Apple supplier Hon Hai Precision Industry (2317.TW) surging 2.5 percent.
It was trading 0.3 percent lower at 111.23 yen JPY=D4 per dollar after the BOJ left in place its program to buy Japanese government bonds, and kept its short-term interest rate target at minus 0.1 percent and its 10-year government bond yield target at around zero percent.
As expected, the central bank offered a more upbeat view on private consumption and overseas economies, signaling its confidence that the recovery was gaining momentum.
Japan's Nikkei .N225 advanced 0.7 percent, narrowing its loss for the week to 0.3 percent.
"The market was relieved that there was no mention of an exit strategy, at least for now," said Yoshinori Shigemi, global market strategist at JPMorgan Asset Management.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped about 0.1 percent, on track to end the week down 0.85 percent.
Financial spreadbetters expect Britain's FTSE 100 .FTSE, Germany's DAX .GDAXI and France's CAC 40 .FCHI to all open up about 0.2 percent.
Overnight, the Nasdaq .IXIC led losses on Wall Street with a 0.5 percent drop, dragged lower by shares including Apple .AAPL.O and Alphabet (GOOGL.O) that tumbled on bearish analysts' reports. The S&P 500 technology index .SPLRCT also declined 0.5 percent.
The broader S&P 500 index .SPX fell 0.2 percent and the Dow Jones Industrial Average .DJI slipped 0.1 percent.
South Korea's KOSPI .KS11 slipped about 0.1 percent, surrendering early gains. The biggest company, Samsung Electronics (005930.KS) added 0.1 percent.
The second biggest firm, semiconductor concern SK Hynix (000660.KS), hit a 15-year high before pulling back to trade 0.2 percent lower.
The technology-heavy Taiwan index .TWII widened gains to 0.6 percent, with the biggest company, Taiwan Semiconductor Manufacturing Co. (2330.TW) jumping 1.7 percent and Apple supplier Hon Hai Precision Industry (2317.TW) surging 2.5 percent.
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