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Asia shares take comfort from U.S. data, yen nurses losses
Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multi-year lows against the dollar and euro overnight. MSCI's broadest index of Asia-Pacific shares outside Japan was up slightly in early trade. It was on track for a weekly loss of over 1 percent, but was underpinned by record finishes by the Dow Jones industrial average and S&P 500 after a spate of U.S. data added up to a picture of broad economic strength. Initial U.S. weekly jobless claims fell, factory activity in ... (full story)