ECB rate cut cheers stocks, euro subdued
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Asian shares rose on Friday on hopes of a stronger global economic recovery after the European Central Bank cut interest rates and held out the possibility of further easing while the euro remained in the doldrums.
Chinese shares outperformed their peers in the region after a report in state media spurred hopes of greater foreign involvement in mainland markets.
Trading for the rest of the region was subdued with Japan closed for holidays.
Investors were also reluctant to take aggressive positions in the leadup to a U.S. non-farm payrolls report later in the day. That caution is expected to see European stocks get off to a lacklustre start. U.S. stock index futures were flat as well.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, on track to end the week up just over 1 percent.
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