Asia stocks up as China PMI, US data help cap strong quarter despite virus woes

TheStar Tue, Jun 30, 2020 03:39pm - 3 years View Original


Asian markets got an early boost after an official survey on China's vast factory sector showed activity quickened last month, defying expectations for a modest slowdown.

TOKYO/NEW YORK/HONG KONG: Asian shares advanced on Tuesday as positive economic data from China and the United States helped to close out a strong quarter, though a renewed surge in global coronavirus cases underlined a challenging investment climate.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.51%, on course for its highest quarterly gain in nearly 11 years.

However, it was not clear whether the optimism would carry over into European trading, with EUROSTOXX 50 futures losing 0.7%, FTSE futures shedding 0.36%, and E-Mini futures for the S&P 500 down 0.24%.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Comments

keng ming roland choo
Like · Reply
Positive economic data from US? which hole r u digging?

Login to comment.