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The Independent UK

National

Via AP news wire

Asian shares gain as investors shrug off downbeat data

Asia Jerome Powell IG Inflation United States US Federal Reserve

Copyright 2022 The Associated Press. All rights reserved

Shares were higher in Asia on Friday, despite data suggesting economies are slowing. The advance tracked gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses.

Tokyo's Nikkei 225 index added 1.2% to 26,491.97 and the Kospi in Seoul jumped 2.4% to 2,369.16. Hong Kong's Hang Seng advanced 2% to 21,707.92 and the Shanghai Composite index added 1% to 3,354.63.

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