Asian shares inch higher as US data lifts traders’ spirits
Equities stand firm after data showing higher US manufacturing activity in May provides signs of a continued rebound in that economy
02 June 2021 - 07:33
Shanghai — Asian shares edged up to almost three-month highs on Wednesday and global equities held steady near a record as data showing higher US manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy.
US manufacturing activity rose in May, the Institute for Supply Management (ISM) said on Tuesday, as pent-up demand boosted orders in a reopening economy, even as unfinished work piled up because of shortages of raw materials and labour...
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