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Asia stocks edge higher as China acts on housing, yuan weakness

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By Selena Li HONG KONG (Reuters) - Asian shares edged higher on Friday as China stepped up efforts to support its housing sector and stabilise the ...

Great Big Sea founder making peace with his past | SaltWireHONG KONG - Asian shares edged higher on Friday as China stepped up efforts to support its housing sector and stabilise the yuan, though investors remained cautious ahead of U.S. jobs data that could make or break the case for further rate hikes.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15%, while Japan's Nikkei was up 0.45%. China's factory activity surprisingly returned to expansion in August, beating estimates, a private-sector survey showed on Friday. Supply, domestic demand and employment improved, suggesting official efforts to spur growth might be having some effect.

 

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