Asian shares hang on to gains, commodities battered

Asian shares looked set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic growth. Commodity prices were pressured, with copper near 6-1/2-year lows and a major sea freight index hitting its lowest level on record, underscoring worries over slackening world demand.
 MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat on the day, though it held on to gains of 1.7 percent so far this week.
 Japan's Nikkei retreated from three-month highs hit on Thursday, falling 0.5 percent as the dollar dipped versus the yen though it is likely to post its fifth consecutive week of gains.

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