Asian shares rose on Friday as investors focused on talks between U.S. and Chinese trade officials and solid corporate earnings rather than the looming release of data expected to show the worst U.S. unemployment rate in more than 70 years.
FILE PHOTO: A board shows stock information at a brokerage office in Beijing, China January 2, 2020. REUTERS/Jason Lee
Data from Japan on Friday showed the impact of lockdowns, with household spending plunging 6% on year in March, and service-sector activity shrinking at a record pace. But yields fell from three-week highs on Thursday as investors digested the prospect of a surge in debt supply and as some saw a dim outlook for the economy as it emerges from virus lockdowns.
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