Asian shares edge up in early trade after Wall Street gains

Japan's Nikkei stock index gained 1.1 percent, putting it within sight of a 2018 high of 24,129.34 points on Jan. 23.



Shares in Asia inched higher on Friday, following gains on Wall Street overnight after news of robust U.S. economic growth, with the chairman of the Federal Reserve saying the United States does not face a large chance of near-term recession.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.02 percent in early trade in Asia.

Australian shares were 0.5 percent higher, while Seoul's Kospi was down 0.5 percent after hitting three-month highs on Thursday.

The Dow Jones Industrial Average rose 0.21 percent to 26,439.93 on Thursday, the S&P 500 gained 0.28 percent to 2,914 and the Nasdaq Composite added 0.65 percent to 8,041.97.

Markets had expected Italy's economy minister, Giovanni Tria, to resist a spending push by Italy's coalition government, which took power in June.

The dollar index , which tracks the greenback against a basket of six major rivals, was up 0.1 percent at 95.003.

U.S. Treasury yields ticked lower. The yield on benchmark 10-year Treasury notes was at 3.0462 percent on Friday, compared with its U.S. close of 3.055 percent on Thursday.

US crude was 0.03 percent higher at USD 72.14 a barrel. Brent crude fell 0.1 percent to USD 81.63 per barrel.

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