Cautious Asia markets a mixed bag while dollar lifts its head
Survey showing China’s factory activity expanded at the fastest pace in nearly a decade in July boosts sentiment
03 August 2020 - 07:39
Sydney — Asian share markets turned mixed on Monday as US legislators struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions gave the dollar a rare bounce.
Sentiment was helped by a survey showing China’s factory activity expanded at the fastest pace in nearly a decade in July, with the Caixin/Markit PMI at 52.8...
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