Asian stocks slightly stronger as data lifts spirits
The concern that surging coronavirus cases in the US may derail the world’s recovery before it begins puts equities under pressure
01 July 2020 - 08:04
Bengaluru — Asian stocks struggled for headway on Wednesday as the second half of the year got under way, with improving economic data offset by the worry that surging coronavirus cases in the US could derail the world’s recovery before it properly begins.
Following firm US housing data and signs of a rebound in Europe’s economy, the latest boost to sentiment came from Chinese factory activity gathering steam in June, with the Caixin/Markit manufacturing purchasing managers index (PMI) rising to 51.2 compared with expectations for 50.5...
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