LONDON, Sept 8 - Global shares steadied on Friday as the dollar headed for its longest winning streak since 2014 on the back of a buoyant U.S. economy, with investors expecting central banks to stand pat on rates over the coming two weeks.
"People think the U.S. economy is in better shape than anyone else and don't think interest rates are going to go up again," said Mike Hewson, chief market strategist at CMC Markets. Stocks stabilised after a near week of easing, with the MSCI All Country stock index flat at 677.56 points, down 1.5% for the week so far, but still up nearly 12% for the year.
YUAN AT 16-YEAR LOW Dollar gains have pushed the Chinese yuan to a 16-year low and have also prompted a step up in rhetoric from Japanese policymakers growing uncomfortable with the yen's slide. Shares in Taiwan's TSMC , a big Apple supplier, eased 0.5%. Shares in South Korea's SK Hynix , whose chips some users have found in China's Huawei Technologies' new phone, fell 4%. Tokyo Electron shares dropped about 4%.
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