Asian stocks rallied Friday before killing of former Japanese PM undermined sentiments
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Asian stocks rallied Friday before killing of former Japanese PM undermined sentiments

TOKYO, July 8, 2022 (WAM) — Asian shares picked up on Friday, before assassination of former Prime Minister Shinzo hit Japanese shares and drove up the safe-haven yen, Reuters reported.

The share benchmark was last up 0.5% having hit a 10-day high earlier in the session. SCI’s broadest index of Asia-Pacific shares outside Japan was last trading up 0.3% also having pared earlier gains, with South Korea’s KOSPI index leading the charge up 0.8% and set for its best week in five months.

The Asian share rally followed a positive close for the three major U.S. indices overnight on encouraging comments from Federal Reserve officials.

In the meantime, Sterling held steady at $1.201 after putting on 0.8% overnight when British prime Minister Boris Johnson said he would resign, essentially back where it was at the beginning of the week after experiencing a rocky few days amid British political turmoil.

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