Asian shares posted narrow gains on Friday on revived hopes of progress in U.S.-...
TOKYO - Asian shares posted narrow gains on Friday on revived hopes of progress in U.S.-China trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
The mood was brightened after U.S. officials said China has made proposals in trade talks with the United States on a range of issues that go further than it has before, including on forced technology transfer. Data published on Thursday showed U.S. economic growth was slower than initially thought in the fourth quarter, with GDP growth revised down to 2.2 percent from an earlier reading of 2.6 percent.
In the currency market, the euro stood at $1.1233 after having slid to a three-week low of $1.1214 as speculation grew that the European Central Bank will introduce a tiered deposit rate.In a sign of simmering concerns about political and economic uncertainties, the Swiss franc has been well-bid, hitting a 20-month high of 1.11665 to the euro.
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