Asia Stocks Capped Dollar At Two-week High As Trade War Dents Confidence

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Asia Stocks Capped Dollar At Two-week High As Trade War Dents Confidence

TOKYO – Asian stocks inched on Friday following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington capped gains and drove safehaven flows to the dollar, which hovered near a two-week high.

Investors also remain cautious ahead of the July U.S. jobs report due later on Friday, which will give a reading on the health of the world’s largest economy and possible clues about the pace of Federal Reserve interest rate rises.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.05 percent. The index was down more than 0.6 percent for the week on U.S.-China trade tensions.

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