Asian Stocks End Grim 3rd Quarter on Brighter Note, Rate Worries Linger

Asian Stocks End Grim 3rd Quarter on Brighter Note, Rate Worries Linger
Passersby walk past an electric board displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan, on April 18, 2023. Issei Kato/Reuters
Reuters
Updated:
0:00

SINGAPORE—Asian shares had their best day in weeks on Friday but were still on track for their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment, while the dollar wobbled and oil prices held their ground.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1 percent, and were set for their biggest one-day percentage rise in four weeks.