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Nikkei Asia300 Index logs weekly decline amid rising US yields

South Korea's gauge climbs 1% Friday as summit with North Korea kicks off

HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose for the first time in six days on Friday after a rebound on Wall Street overnight, but ended the week lower amid lingering concern over global trade relations and rising borrowing costs in the U.S.

The Nikkei Asia300 Index added 0.8% to 1,408.13 on Friday. For the week, the gauge dropped 1.4% as rising bond yields in the U.S. clouded investor sentiment, with the yield on the 10-year Treasury note breaching 3% for the first time since 2014. Markets await the U.S. Federal Reserve's policy review next week for cues on further interest-rate increases even as the central bank is widely expected to stand pat at the meeting.

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