Asian share markets were dragged lower by the slide in Chinese stocks on Friday, though investors took heart from the incoming head of Japan's central bank ruling out an early end to super-easy monetary policy, nudging bond yields lower globally.
Investors were bracing for the release on Friday of the U.S. personal consumption expenditures price index for January, the Federal Reserve's preferred inflation measure. The index is expected to be up 0.4% from a month earlier, compared with 0.3% the previous month.
"Fed officials believed that the U.S. economy was not as weak as initially feared and that disinflation was not as secure as desired."
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