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Asian stocks higher on Brexit reprieve but trade concerns limit gains

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Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen ...

TOKYO: Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen supported Japanese shares, but a fresh flare up in U.S.-China trade concerns is expected to cap gains.Japan's Nikkei climbed 0.9 percent and South Korea's KOSPI rose 0.45 percent.

But the S&P 500 dipped 0.1 percent, snapping a three-day winning run, and the Nasdaq shed 0.2 percent on Thursday in the wake of uncertainty over when a U.S.-China trade deal would be reached. In the currency market, the pound was 0.1 percent higher at US$1.3256, trimming some of the heavy losses suffered overnight.

British lawmakers voted on Thursday to seek a delay in Britain's exit from the European Union, setting the stage for Prime Minister May to renew efforts to get her divorce deal approved by parliament next week.The dollar held gains having snapped its four-day losing streak to a group of six major peers.

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