HONG KONG : Asian shares and U.S. stock futures slipped on Friday, as Amazon and Apple quarterly earnings bucked a recent strong trend and growth and inflation fears continued to weigh.
Asian shares were weighed by a fall in Nasdaq futures, which lost 0.73per cent as Apple Inc and Amazon Inc posted results after the close that missed expectations."The background noise hasn't changed for the last few weeks, people are still concerned around stagflation, slowing growth numbers and rising inflation, but that's been priced more in the bond market than the equity market right now," said Kerry Craig, global market strategist at JPMorgan Asset Management.
However, China Evergrande Group's shares opened up 1.2per cent following news that the cash-strapped developer had made payments for an offshore bond coupon ahead of Friday's expiry of a grace period, meeting its second dollar-bond repayment obligation this month.