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Asia shares perk up as receding inflation fears lift Wall Street

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Reuters

By Kevin Buckland TOKYO (Reuters) – Asian stocks rose on Friday, setting the region up for a weekly gain, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve. Japan’s Nikkei jumped 1%, while MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.6%. Taiwan’s tech-heavy stock index climbed 1.8%, leading gains in the region, while Chinese blue chips added 0.3%. For the week, an index of stocks across Asia-Pacific was set for a 1.9% advance. Futures pointed to a further 0.3% rise for the S&P 500 later in the global …

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