TOKYO: Asian shares and other more risky assets fell back on Tuesday while the yen rose broadly after the HSBC "flash" PMI reading showed manufacturing growth in China slowed in April, underscoring market concerns about global growth prospects.
The preliminary or "flash" HSBC Purchasing Managers' Index for April fell to 50.5 in April from 51.6 in March. It was still stronger than February's reading of 50.4 but a contraction in new export orders pointed to fragile global demand.
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