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RSS FeedsAsia stocks cautiously mixed, dollar tries to bounce
(WorldNews Asia)


3 august 2020 04:33:20

Asia stocks cautiously mixed, dollar tries to bounce
(WorldNews Asia)

SYDNEY — Asian share markets turned mixed on Monday as U.S. lawmakers 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. That lifted Chinese blue chips 0.9%. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2%, though that was from a six-month top. Japan’s Nikkei added 2.1% courtesy of a pullback in the...

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