Asian shares gain as investors shrug off downbeat data on economic growthAP, BANGKOKShares rose in Asia on Friday, despite data suggesting economies are slowing. The advance tracked gains on Wall Street, where the market later posted its first weekly gain after three weeks of punishing losses. The MSCI Asia Pacific Index rose 1.19 percent to 159.21, gaining 1.5 percent for the week. In Australia, the S&P/ASX 200 on Friday rose 0.8 percent to 6,577.40, bringing its weekly gain to 1.6 percent. Market players are looking ahead to US inflation data due next week.

Source: Taipei Times June 26, 2022 02:42 UTC