Asian shares steady; regional PMI data dampens mood

TOKYO: Asian shares were on the defensive on Friday after a series of surveys on factory output signaled a tough outlook for the region's manufacturers, though Japanese equities were a notable exception, logging their longest winning run in 54 years on a weaker yen.

Several surveys on Friday suggested Asia's manufacturers face a challenging business climate in the coming months, with China's vast factory sector managing only a shallow rebound at the start of 2013 as feeble foreign demand dragged on sales.