Asian shares recover after bruising selloff on Wall Street rebound

TOKYO: Asian shares recovered from multi-month lows on Friday, as a rebound in U.S. equities on the back of upbeat economic data calmed nerves after a bruising selloff in global markets, but investors remained cautious ahead of next week's Federal Reserve policy meeting.

Wall Street rallied more than 1% on Thursday and the dollar pared losses on better-than-expected U.S. retail sales in May and a drop in the weekly jobless benefits claims, which signaled resilience despite fiscal tightening in America.