But MSCI's broadest gauge of the world stock exchanges covering 47 markets also stood at record levels, extending its gains so far this year to 17 per cent.
China's trade data showed both growth in exports and imports accelerated in September, with imports beating expectations, adding to the evidence of recent resilience in China's economy.
"It is hard to think the current 'goldilocks economy' will suddenly change," said Nobuyuki Kashihara, head of research group at Asset Management One, referring to an economy that is neither too hot, or too cold, but just right.
"Stock prices will continue to rise in line with growth in corporate earnings globally."
On top of a broad consensus that the global economy is in its best shape in recent years, expectations that US President Donald Trump would push through a tax cut also encouraged investors.
"While we don't know the details of the tax reforms, the announcement of a plan to make the biggest tax overhaul in three decades triggered a fresh wave of reflation trade," said Mutsumi Kagawa, chief global strategist at Rakuten Securities.
In currencies, the dollar lost some steam in recent days as US bond yields appeared to have peaked for now, with minutes from the last Federal Reserve meeting showing policymakers remained divided on US inflation prospects.
The next big test for the dollar is US consumer inflation figures due later in the day.
"The data will likely be disrupted by the hurricanes. But if inflation is picking up, that is still positive for the dollar," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.
On top of the near-term inflation readings, investors are also looking to who Mr Trump will nominate as successor to Fed Chair Janet Yellen, whose term expires next February.
Another main focus is China's 19th Communist Party Congress that begins on October 18, where President Xi Jinping is expected to lay out new policy initiatives and consolidate his power for a second five-year term.
"Specific economic policies won't be laid out at this meeting, but official statements and who ascends to power will set the tone for the third Plenary Session... in March 2018, which will give more specifics about China's economic agenda for the next five years," said analysts at RBC Capital Markets.
The euro traded at $1.1849, slipping from Thursday's high of $1.1880 but has kept weekly gain of almost 1 per cent, though the currency remains dogged by the crisis around the Catalonian independence movement's campaign to split from Spain.
The yen was little moved at 112.10 yen per dollar, though at that level, it is on course for a slight gain on the week, which would be its first in five weeks.
Bitcoin soared more than 4 per cent after Thursday's 13 per cent gain to hit a record high of $5,846, a gain of 450 per cent on the year.
The chief financial officer of JPMorgan Chase & Co said the firm is open minded on the potential use cases in future for digital currencies, appearing to dial back comments last month from his boss, chief executive officer Jamie Dimon, that bitcoin was a "fraud".
Copper prices held firm after hitting a one-month high on Thursday as optimism over the demand outlook from major consumer China fuelled buying.
London copper futures were at $6,862 a tonne early on Friday.
Oil prices edged up on Friday as both US crude production and inventories declined. US crude ticked up 0.5 per cent to $50.87 a barrel. Brent crude rose 0.4 per cent to $56.49 per barrel.