The lower risk appetite lent some support to the dollar against a basket of currencies, while oil prices edged down.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5% to reach its highest since March 2018, extending a 2.8% gain last week.
The World Health Organization said the global case count will reach 1 million and the death toll 50,000 in the next few days. It currently stands at 43,412.
China’s markets steadied in choppy trade after anxiety over the spreading coronavirus erased some $400 billion in market value from Shanghai’s benchmark index.
SINGAPORE: Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. The respite for Asian assets may be short-lived, however, with US Treasury yields resuming their climb after the holiday as investors bet that President-elect Trump will adopt policies that increase spending and debt, as well as spur higher growth and inflation. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3…
TOKYO: US Treasury yields eased on Thursday as a week-long surge that followed Donald Trump's shock election win subsided further, dragging the dollar off a 13-1/2 year peak set overnight and nudging Asian stocks a touch higher. Spreadbetters saw the modest bounce for equities continuing in Europe, forecasting a slightly higher open for Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI. Japanese government bond yields also fell back from multi-month highs after the Bank of Japan conducted a special…