SHANGHAI - Asian stocks edged higher on Friday , tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth.
MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.1 per cent in early trade, echoing Wall Street's small gains. Australian shares were off 0.6 per cent, while Japan's Nikkei added 0.5 per cent. Housing starts, industrial production and mid-Atlantic factory output all fell short of economist expectations.
"Unless it's a diabolically low number, I don't really think it's going to have too much of an impact on prices today. But we can't price that uncertainty," he said, referring to further developments in the trade spat between Washington and Beijing.
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