HONG KONG : Asian shares slipped and the dollar held firm on Friday as traders edged away from riskier assets amid renewed concerns about COVID-19 and ahead of key U.S. inflation data that could set direction on Federal Reserve rates.
Shares and risk-friendly currencies had performed well earlier in the week, with MSCI's regional benchmark posting its best day in two months on Tuesday, helped by indications the Omicron strain of the new coronavirus might not be as economically disruptive as first feared. U.S. consumer price index for November is due later Friday and a Reuters poll of economists expect it to have risen 6.8per cent year-on-year, overtaking a 6.2per cent increase in October, which was the fastest gain in 31 years.
The Hong Kong benchmark lost 0.24per cent but global markets have been much less concerned by the latest development in the long running Evergrande saga than they were a few months ago. The yuan lost about half a percent in offshore trade on Thursday, and weakened further Friday to 6.385.
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