Asia stocks bounce, Aussie dollar hit by ratings blow

Asian share markets crept higher on Thursday after upbeat U.S. economic data took some of the sting out of the latest Brexit scare, while the Australian dollar slipped as the country's triple A credit rating came under threat. The Aussie initially fell half a U.S. cent to $0.7470 after Standard and Poor's cut the country's outlook to negative from stable citing a need for fiscal repair.