Asian Stocks Hit Three-year Peak On Upbeat U.S. Data
Asian shares rose to a three-year peak on Friday and the dollar held near its overnight highs after U.S. jobs data which showed the lowest unemployment rate in six years and underscored the strength of the economic recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, touching its highest levels since May 2011 and on track for a weekly gain of 1.7 percent. Japan’s Nikkei stock average rose 0.6 percent, hitting a 5-1/2-month high and poised to gain 2.3 percent for the week.
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