Asian shares edge lower, eye on corporate results

By Chikako Mogi

TOKYO (Reuters) - Asian shares edged lower on Friday as investors kept a wary eye on corporate earnings results under way.

The MSCI index of Asia-Pacific shares outside Japan was down 0.2 percent. Australian shares held steady, drawing support from a rise in iron ore prices to a 3-month high.

South Korean shares opened down 0.4 percent. Before trading began, Samsung Electronics <005930.KS>, the world's largest electronics company and accounting for about 15 percent of Korea's benchmark KOSPI index, reported record quarterly profit of $7.4 billion on Friday.

Samsung's results came just hours after Apple Inc

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