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Asia shares notch new peaks, weather China news
[Reuters] - Asian shares weathered a soft reading on Chinese manufacturing on Thursday as it only whetted expectations for more policy stimulus there, while a sharp rise in British and German bond yields rippled through global debt markets. Among the milestones were a 15-year peak for Japan, seven years for both China and Taiwan and a near four-year top for South Korea. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent to reach ground last trod in early 2008. The gains came despite a dip in the HSBC China manufacturing PMI to a one-year trough of 49.2 in April, when the consensus had been for it to hold steady at 49.6.
Asia weathers soft China survey on stimulus hopes - Yahoo India Finance
[Reuters] - Asian shares weathered a soft reading on Chinese manufacturing on Thursday as it only whetted expectations for more policy stimulus there, while a sharp rise in British and German bond yields rippled through global debt markets. Among the milestones were a 15-year peak for Japan, seven years for both China and Taiwan and a near four-year top for South Korea. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent to reach ground last trod in early 2008. The gains came despite a dip in the HSBC China manufacturing PMI to a one-year trough of 49.2 in April, when the consensus had been for it to hold steady at 49.6.
Asia weathers soft China survey on stimulus hopes - Yahoo India Finance
