Asian stocks track Brexit deal cheer but China caution prevails

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.

Equity markets had enjoyed a bounce from the initial Brexit news, with the S&P 500 briefly topping 3,000 points for the first time in more than three weeks. "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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