TOKYO : Asian stock markets were on course for their best week in months and the dollar held off recent record highs after the European Central Bank raised rates for the first time in more than a decade and bets on the size of U.S. rate hikes eased.
The euro was trading at $1.019 and on course for its biggest weekly rise against the dollar since late May, after having dipped below parity last week. Hong Kong's Hang Seng index was up 0.14 per cent, extending gains made the previous day after China's cybersecurity regulator fined Didi Global Inc $1.2 billion, potentially signalling an end to the regulatory crackdown and clearing a path for the ride-hailing giant to list in Hong Kong.
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