Asian markets calm at end of a tough week
Ringgit, won gain from a more upbeat outlook after positive lead from Wall St
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ASIAN markets were relatively calm on Friday at the end of a volatile week, with Shanghai and Hong Kong ticking higher after China unveiled a series of steps to shore up its economy, but fears of a US interest-rate hike kept dealers on edge.
Higher-yielding, or riskier, currencies such as the Malaysian ringgit and South Korean won benefited from a more upbeat outlook, which followed a positive lead from Wall Street, while the Australian dollar edged higher. The safe-haven yen, considered a go-to asset in times of turmoil, retreated.
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