Asia Stocks Restrained Dollar At 2-week High As Trade War Saps Confidence

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Asia Stocks Restrained Dollar At 2-week High As Trade War Saps Confidence

TOKYO – Asian stocks were steady on Friday, with gains from the tech-led rise on Wall Street capped by the latest exchange of trade threats between Beijing and Washington, while safehaven flows lifted the dollar to 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 inched down 0.03 percent. The index was down about 0.6 percent for the week, during which it slumped to a two-week high on Thursday on U.S.-China trade tensions.

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