TOKYO: Asian shares posted narrow gains on Friday on revived hopes of progress in US-China trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent while Japan's Nikkei rose 1.0 per cent.
The S&P 500 on Thursday gained 0.36 per cent and the Nasdaq Composite added 0.34 per cent.
Despite recent market turbulence, the S&P 500 has gained 12.3 per cent so far this quarter, which would mark its best quarterly performance since 2009 if sustained
The mood was brightened after US 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.
The 10-year US bond yield edged up to 2.391 per cent from a 15-month low of 2.352 per cent touched on Thursday after an almost relentless fall since the Fed's dovish tone last week had investors more worried about the economic outlook.
Investors have been on heightened alert since the yield on the 10-year note fell below the three-month US Treasury yield last Friday, an inversion of the yield curve that is widely seen as an indicator of a recession.
Data published on Thursday showed US economic growth was slower than initially thought in the fourth quarter, with GDP growth revised down to 2.2 per cent from an earlier reading of 2.6 per cent.
"The economy is softening and will soften for now. But whether the ..
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent while Japan's Nikkei rose 1.0 per cent.
The S&P 500 on Thursday gained 0.36 per cent and the Nasdaq Composite added 0.34 per cent.
Despite recent market turbulence, the S&P 500 has gained 12.3 per cent so far this quarter, which would mark its best quarterly performance since 2009 if sustained
The mood was brightened after US 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.
The 10-year US bond yield edged up to 2.391 per cent from a 15-month low of 2.352 per cent touched on Thursday after an almost relentless fall since the Fed's dovish tone last week had investors more worried about the economic outlook.
Investors have been on heightened alert since the yield on the 10-year note fell below the three-month US Treasury yield last Friday, an inversion of the yield curve that is widely seen as an indicator of a recession.
Data published on Thursday showed US economic growth was slower than initially thought in the fourth quarter, with GDP growth revised down to 2.2 per cent from an earlier reading of 2.6 per cent.
"The economy is softening and will soften for now. But whether the ..
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