SINGAPORE – Asian shares nudged lower on Friday, weighed down by China and Hong Kong stocks due to concerns over the stuttering recovery in the world's second-biggest economy, although Japan's Nikkei clocked a near 33-year peak. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 percent but was set to eke out a gain of 0.19 percent for the week. China shares fell 0.61 percent, while Hong Kong's Hang Seng index dropped as much as 1.8 percent, dragged down by tech stocks after Alibaba Group Holding Ltd reported a lower-than-expected 2 percent rise in quarterly revenue.

https://business.inquirer.net/401622/asian-shares-mixed-as-china-growth-worries-crimp-u-s-debt-ceiling-optimism

#inquirer