The Traderszone Network

Published in TZ Latest News 30 July, 2015 by The TZ Newswire Staff

Asia shares edge up, wary of China volatility

Asian shares inched higher on Friday but were still set to post a loss for the month, while the dollar edged away from highs scaled after U.S. GDP data reinforced expectations that the Federal Reserve is likely to raise interest rates this year. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.2 percent at 3:02 GMT, but recorded a loss of 5.9 percent for the month. Japan’s Nikkei stock index (.N225) was little changed, but saw a gain of 1.4 percent for July, the only Asian market ending the month in positive territory – excluding Australia and New Zealand.