Stocks eye weekly rise on earnings boost but rate hikes loom


SINGAPORE: Asian equities rose on Friday and were set for a weekly gain as strong earnings at Amazon.com boosted U.S. futures, while selling in bonds spread to Japan from other markets as investors reacted to hawkish signals from central banks in Europe.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 1%, led by a 3% surge for the Hang Seng index in its first day of trading after this week's Lunar New Year holidays. Japan's Nikkei closed up 0.7%.

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