The operator of Hong Kong`s stock exchange said it will introduce new controls to rein-in volatility, in a long-awaited announcement that comes as Chinese shares see wild price swings, fueling fears of a mainland market collapse.
An index of Asian shares rose on Friday, on track for a weekly gain as a fresh record for the Nasdaq helped nudge it toward seven-year highs, while the dollar marched in place after more lacklustre U.S. economic data.
Asian markets rallied Wednesday in the first full day of trade since the Easter weekend, with Hong Kong surging as it reacted for the first time to weak US jobs data that reduced the chances of a rate hike any time soon.
Asian shares rose and the dollar dropped on Monday, after a dismal U.S. jobs report pushed down U.S. Treasury yields as investors pared bets the U.S. Federal Reserve would hike interest rates anytime soon.
Shanghai stocks retreated for the first time in 11 sessions on profit-taking Wednesday but most other Asian equity markets were flat after a healthy batch of US data revived the prospect of an early interest rate hike.