Asian shares rebound on Chinese factory activity as oil slips
Caixin/Markit manufacturing purchasing managers’ index offers hope over coronavirus pandemic
02 November 2020 - 07:26
Sydney — Asian shares bounced off one-month lows on Monday on solid data from China showing factory activity expanded at its fastest pace in a decade while oil prices skidded as many Western countries slid back into coronavirus-driven lockdowns.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.5% to 573.04, as China’s Caixin/Markit manufacturing purchasing managers’ index offered hope the region’s success in containing the coronavirus could spare it the economic pain being inflicted on Europe and the US...
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