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Asian shares had their best day in weeks on Friday but were still on track for their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment, while the dollar wobbled and oil prices held their ground. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1%, and were set for their biggest one-day percentage rise in four weeks. The index though remained close to the 10-month low it touched on Thursday and was set for a 4% drop in the July-September period, its worst quarterly performance since a 13.6% drop in the same period last yea...

Asian shares eased away from their lowest levels in 10 months but were on course to clock their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment,...

The Sterling snapped 6-day decline as dollar’s relentless rally paused, but was still on track for a near 4% drop this month.

Meanwhile, data showed the U.S. economy maintained a fairly solid pace of growth in the second quarter and activity appears to have accelerated this quarter, but a looming government shutdown and an ongoing strike by auto workers are dimming the outlook for the rest of 2023.

Shares on track to clock their worst quarterly performance in a year