Asian stocks dip as stronger greenback weighs on crude prices
On Friday, Asian stocks traded mostly lower, as the greenback climbed to seven-month peaks against a basket of currencies and brought down crude prices, thus cooling investor risk appetite.
The greenback was spurred by a dip in the euro after the ECB shot down talk it was contemplating tapering its monetary easing, thus sending the euro to its lowest value since March.
MSCI's broadest index of Asia-Pacific stocks outside Japan dropped 0.3%. South Korean Kospi sank 0.4%, while Australian stocks dived 0.1%, weighed down by a retreat in energy stocks. Singapore sagged 0.4% while Shanghai gained 0.3%.
Japan's Nikkei ascended 0.3%, brushing a six-month peak, as the Japanese yen weakened against the greenback.
American shares ended a choppy trading session on Thursday a bit lower as traders digested the latest round of earnings, with a steep sag in telecoms compensated by profits in healthcare.
The euro slumped 0.3%, trading at $1.0902 after seeing a seven-month fall of $1.0897.