Stock markets took a breather on Friday after several days of sizeable gains, as geo-political tensions arising from the Ukraine conflict kept investors on guard going into the weekend.
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat and Hong Kong’s Hang Seng steadied following a furious two-day surge. Japan’s Nikkei rose 0.6 per cent. S&P 500 futures eased 0.4 per cent while Euro Stoxx 50 futures and FTSE futures were flat. Problems faced by policymakers whose economies are suffering surging inflation and sagging growth were also underscored during a series of central bank meetings this week.
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Hong Kong stocks soar as China pledges supportHong Kong's Hang Seng Index rocketed 1,672 (9.08%) to close at 20,087 as traders pounced on a report to snap up beaten-down firms that have been hit by concerns about regulatory crackdowns by Chinese and US authorities.
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