Powered by

Asian Shares Rise After Trump's China Speech

Jun 01, 2020 - Nasdaq

(RTTNews) - Asian stocks advanced on Monday after U.S. President Donald Trump stopped short of threatening tariffs on China and data showed that China's factory activity expanded in May. Investors shrugged off political unrest in the U.S. and worries about a resurgence of the coronavirus. Chinese shares rallied after a private survey showed the manufacturing sector in the country moved into expansion territory in May. The Caixin manufacturing PMI score came in at 50.7 - beating expectations fo...