Japanese shares hit 34-year highs on Friday as world stocks eyed a third week of gains, while adjustments to interest rate expectations sent the yen to a two-month low and the Australian and New Zealand dollars in opposite directions. In China, mainland markets were closed and Hong Kong traded thinly and shut early, with the Hang Seng down 0.8% amid nerves authorities may not deliver on promises for support. The index lost 29% in the zodiac year of the rabbit and the dragon year begins with China sentiment in the dumps and expectations of some sort of support announcement in Lunar New Year holiday.
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