Shanghai — Asian shares edged up on Tuesday lifted by gains in China and as carmakers climbed on merger news, but broad uncertainties over trade and economic growth kept a lid on gains. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.31%, and US S&P 500 e-mini futures rose 0.19% to 2,837.25. Chinese blue-chips rose 1.02% a day after data showed Chinese industrial firms’ profits shrank in April, which is expected to prompt more government stimulus to support the slowing economy. A planned increase in the weighting of Chinese A-shares in MSCI indexes after the market close later on Tuesday also boosted shares. Seoul’s KOSPI added 0.13%, while Australian shares were up 0.45%. Japan’s Nikkei stock index gained 0.39%. Despite the day’s gains, Joanne Goh, Asia equity strategist at DBS in Singapore, said that broad market sentiment remained uncertain ahead of a possible meeting between the Chinese and US presidents at the G-20 summit in June. “There's still a lack of d...
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