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Asian Shares Mixed As Manufacturing Continues Expansion

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks ended mixed on Tuesday even as surveys showed factory activity continued to expand in key Asian economies in May thanks to an ongoing recovery in global demand.

Chinese shares eked out modest gains after data showed the country's manufacturing sector expanded at a faster pace in May on robust new orders and production. The Caixin manufacturing Purchasing Managers' Index rose to 52.0 in May, the highest level since December and inching up from 51.9 in April.

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