MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9%, while shares in China nudged up 0.1%. Australian stocks gained 2% for the biggest intraday gain since July 21. Tokyo shares also jumped by more than 1%.
Lachlan was named chief executive officer of Fox Corp after the company sold most of its entertainment assets to Walt Disney Co in a $71 billion transaction last year. James had run the business before the deal, when it was known as 21st Century Fox. But when Lachlan was appointed CEO in 2018, James wasn’t even mentioned in the press release announcing the move.
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MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, though that was from a six-month top. Japan's Nikkei added 2.1% courtesy of a pullback in the yen, while South Korea shares were flat.
After rising in early trade, MSCI's broadest index of Asian shares outside Japan turned lower by late morning. It was last down 0.22%.
The confidence extended in Asia where Japan's Nikkei and South Korea's KOSPI were up 0.3% each, Australia's main index climbed 0.7% and Hong Kong's Hang Seng index rose 0.2%.
The Fed is expected to strike a dovish stance at its policy review later in the day and perhaps open the door to a higher tolerance for inflation - something dollar bears think could squash real yields and sink the currency even further.
The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce, only for a wave of selling to slap it back to $1,947 in wild trade.
Gold rose 1.0% to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe haven assets, especially those not tied to any specific country.
Chinese blue chips retreated 2.9% as a result, though were still up 0.5% for the week. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.3%, trimming its weekly gain to 0.6%.
It is both the hope and the uncertainty of the Chinese stock market that is driving erratic behavior as fresh highs bring concerns anew.
To be fair, the stock market has already embraced technology and pharmaceutical shares that underpin global economic transformation.
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After ticking higher earlier in the morning session, MSCI's broadest index of Asian shares ex-Japan was last down 0.3%, weighed down by slumping Chinese stocks. The Shanghai benchmark dropped 1.67% following four days of gains.
Stock markets in Asia ground higher, except in Australia where a surge in coronavirus infections put pressure on bank and travel shares and the benchmark index fell 1%. S&P 500 stock futures advanced 0.4% in line with the relatively positive mood.
Japan's Nikkei rose 0.6% while MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.5% to edge near its four-month peak hit earlier this month.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, reversing early gains after E-mini futures for the S&P 500 turned negative to be down 0.4%.
Iran accidentally shot down the Boeing 737-800, killing all 176 people aboard, after mistaking it for an incoming missile.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5%, paring a quarter of its 2% losses the previous day, while Japan's Nikkei was almost flat.
China's gross domestic product (GDP) expanded 3.2 per cent year on year in the second quarter of 2020, the country's National Bureau of Statistics (NBS) said on Thursday.
MSCI's broadest index of Asia-Pacific shares outside Japan slid by 0.83%, while Tokyo's Nikkei fell 0.49%. US S&P 500 e-mini stock futures declined by 0.33%.
MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.14%, after rising over 1% earlier in the session. Chinese shares were deep in red, with the blue-chip CSI300 index off 1% and Hong Kong's Hang Seng index down 0.6%.
Exports rose 0.5% from a year ago, while imports expanded 2.7%. Both had been forecast by economists to fall.
Gross domestic product declined an annualized 41.2 per cent from the previous three months, the Ministry of Trade and Industry said in a statement Tuesday, the biggest quarterly contraction on record
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2%. Japan's Nikkei retreated from a one-month high touched on Monday, dropping 0.8%. A firm dollar put pressure on the Aussie and kiwi.