Yen steady, Asian stocks weak as wild week winds down. The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets remained on the back foot a day after their worst session since mid-April. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1719293323247-YAKIHONNES3.jpg Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling. MSCI's broadest index of Asia-Pacific shares fell 0.55% on Friday, extending the 1.88% tumble from the previous day. Taiwan's stock benchmark slumped 3.3% as it reopened from a two-day closure due to a typhoon. Japan's Nikkei eased 0.07% after failing to sustain earlier gains. U.S. stock futures also pointed higher, with S&P 500 futures rising 0.36% and Nasdaq futures advancing 0.45%.
Asia-Pacific equity markets took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling . However, on Friday, MSCI's broadest index of Asia-Pacific shares was just 0.06% lower, following a 1.88% tumble the previous day. Taiwan's tech-heavy equity index, which had been closed for two days due to a typhoon, slumped 3.53% as it caught up with the global market rout