Asia stocks on track for weekly gain; eyes on US inflation test – Markets

SINGAPORE: Asian shares were set on Friday to snap a three-week losing streak, while investors awaited a key reading on US inflation later in the day to gauge the outlook for US rates.

MSCI’s broadest index of Asia-Pacific shares outside Japan held broadly steady and was on track for a weekly gain of 2%.

Trading was thinned with Australia out on a holiday.

Chinese stocks looked set to end…