Asian shares rose on Friday as strong US earnings and a step forward in the US Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent while Japan’s Nikkei gained 0.9 percent, extending its recovery from a near three-week intraday low hit the previous day.
The S&P 500 advanced 0.82 percent to turn positive for the week, a day after hitting a three-week low, while the Nasdaq Composite added 1.3 percent to a closing record high of 6,793.29.
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