TOKYO: Asian stocks held firm on Friday as U.S. President Donald Trump's rhetoric kept investors' hopes up on a trade deal with China, while oil sat near two-month highs after producers led by Saudi Arabia and Russia agreed on further output cuts.
Uncertainties over a deal have pushed some investors to the sidelines in recent sessions, while nervousness ahead of the release of U.S. payrolls data later in the day could also dampen trade on Friday. "But since OPEC countries haven't fully complied with the existing cut, markets will probably have to wait to see how the cut will pan out," he added.
In the currency market, the British pound soared on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit, ending near-term uncertainty.
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