Asian shares have hit a three-month peak as sharp declines in the dollar and US yields extended the Fed-fuelled rally, but pushback on rate cuts from central banks in Europe may deal a blow to the global pivot hopes. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 per cent on Friday to the highest since early September and was up 2.5 per cent for the week. Japan's Nikkei jumped 1.2 per cent, also heading for a weekly gain of 2.5 per cent. Battered Chinese blue chips rose 0.7 per cent to pull away from a five-year low, while Hong Kong's Hang Seng index rallied 1.7 per cent. China's central bank on Friday boosted…
