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Asian shares higher on ECB easing vow Asian shares mixed on ECB easing vow
(about 4 hours later)
Asian shares were trading higher on Friday after the European Central Bank (ECB) said it would take more easing steps if necessary to boost growth. Asian shares were trading mixed on Friday after the European Central Bank (ECB) said it would take more easing steps if necessary to boost growth.
ECB President Mario Draghi vowed to take more easing steps to spark growth in the euro zone after leaving interest rates at a record low of 0.05%. ECB President Mario Draghi vowed to take more easing steps to spark growth in the eurozone after leaving interest rates at a record low of 0.05%.
Investors, however, were cautious ahead of US jobs data due out later on Friday.Investors, however, were cautious ahead of US jobs data due out later on Friday.
Japan's Nikkei 225 index was up 0.5% at 16876.16 after rallies on Wall Street. Japan's Nikkei 225 closed up 0.5% at 16,880.38 to finish the week up 2.8%.
The dollar was at 115.35 yen in early trade, up from 115.16 yen in New York trade. A weaker yen boosted exporters. The dollar was at 115.37 yen in Asian trade, up from 115.16 yen in New York trade.
Shares of troubled auto parts maker Takata fell as much as over 4% after the New York Times reported that the firm had concealed risks of potentially defective air bags following an accident in 2004. Shares of troubled auto parts maker Takata fell as much as 7% after the New York Times reported that the firm had concealed risks of potentially defective airbags following an accident in 2004.
Hong Kong shares opened 0.2% lower after four consecutive days of losses. Hong Kong shares were 0.2% lower after four consecutive days of losses.
The benchmark Hang Seng Index fell to 23,607.65, while on the mainland the Shanghai Composite was up 0.1%. The benchmark Hang Seng Index fell to 23,592.54, while on the mainland, the Shanghai Composite was down 0.1% to 2,424.14.
In Australia, shares were higher as steadying metal prices supported mining shares.In Australia, shares were higher as steadying metal prices supported mining shares.
The benchmark S&P/ASX 200 index was up 0.4% at 5529.60 points. The benchmark S&P/ASX 200 index closed up 0.8% at 5,549.1 points, rising 0.4% for the week.
Shares of Rio Tinto were up 0.7% despite news that one of its iron ore trains derailed in Quebec, Canada and the single train operator was missing following an apparent landslide. Shares of Rio Tinto were up 1.2% despite news that one of its iron ore trains derailed in the Canadian province of Quebec and the single train operator was missing following an apparent landslide.
In South Korea, the Kospi index was up 0.1% to 1939.60 points. In South Korea, the Kospi index finished up 0.2% to 1,939.87 points, while the won fell for the seventh consecutive session.
The won was at 1,093.7 to the dollar, hovering near a 14-month low on the broad strength of the US currency.