Asian stocks steadier, Nikkei bounces back

Asian shares opened cautiously higher on Friday with Tokyo’s Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses on an upbeat outlook from Hewlett-Packard.

As some semblance of calm returned to markets, the yen drifted lower against the dollar and euro, giving back some of the chunky gains made on Thursday.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 per cent, having slumped more than 2 per cent on Thursday in its largest one-day decline in 10 months.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1244852/asian-stocks-steadier-nikkei-bounces-back