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(RTTNews.com) – Asian stocks closed mixed on Thursday after data showed China’s manufacturing sector swung to contraction in May. The latest survey from Caixin revealed a manufacturing PMI score of 49.6, down from 50.3 in April and missing forecasts for a score of 50.1.
Other regional manufacturing reports painted a mixed picture, with activity in Japan’s manufacturing sector expanding at a faster rate in May and Australia’s manufacturing sector expanding at a slower pace, while South Korea’s manufacturing activity remained in contraction.
While oil prices rose in Asian deals on weak stockpile data, the yen fell broadly against its rivals after a Times/YouGov poll showed Britain’s ruling Conservatives are…
Read the full article at: http://www.nasdaq.com/article/asian-shares-mixed-after-downbeat-china-data-20170601-00126
