Daily Traders Edge

Asian shares retreat from three-week high as oil rally reverses

February 19
07:35 2016

TOKYO/SINGAPORE (Reuters) – Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained cautious about the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, but gains in previous sessions left it on track for a weekly gain of 4.1 percent. Japan’s Nikkei (.N225) dropped 1.4 percent as the yen firmed, but ended the week up 6.8 percent.

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