Asia shares rise as U.S. manufacturing perks up


  • Markets
  • Tuesday, 04 Aug 2020

TOKYO/WASHINGTON: Asian shares rose on Tuesday after strong U.S. manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and global economy.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.05%, but shares in China edged 0.17% lower. Australian stocks gained 2% for the biggest intraday gain since July 21. Tokyo shares also jumped by more than 1%.

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