Stocks recovered slightly on Friday after....>

STOCKS: Stocks recovered slightly on Friday after a broad sell off on Thursday.

The recovery is being driven by a stronger dollar, the greenback rose after US

President Trump said that comments from US Tsy Sec Mnuchin yesterday were

misinterpreted and that he favoured a stronger dollar. The move drove the yen

higher which helped support Japanese exporters and boosted Japanese equity

indices. For most of the session USD/JPY was in positive territory, but a wave

of dollar selling pushed the pair lower during the Japanese lunch break, which

saw the Nikkei drop on the reopen, the Nikkei 225 last down 25 points at 23,643.

6/11 sectors are in the green, the laggard among the sectors is Energy, down

2.82% as WTI prices plunge over $1/bbl from highs on Thursday.

- In China the Shanghai Comp is up 16 points at 3,564, in Hong Kong the Hang

Seng is up 368 points at 33,023. China H shares are on track for their longest

winning streak since 2010, up for the 7th consecutive week.

- Australian markets are closed for the National Day Holiday.