Asian shares edge higher
Tuesday, 3 August 2010
BEIJING, Aug 2 (AP): Asian stocks are higher after weaker Chinese manufacturing data quelled fears Beijing might tighten controls to prevent overheating and upbeat Japanese earnings boosted trading sentiment.
Japan's benchmark Nikkei 225 stock average has gained 0.6 per cent Monday after ending lower in its last two sessions as concerns about the stronger yen offset a mostly positive earnings season.
China's Shanghai Composite Index rose 1.6 per cent after a survey by an industry group showed manufacturing growth slowed in July for a third month.
Hong Kong's Hang Seng Index gained 1.3 per cent while Taiwan's Taiex rose 1.8 per cent.
Japan's benchmark Nikkei 225 stock average has gained 0.6 per cent Monday after ending lower in its last two sessions as concerns about the stronger yen offset a mostly positive earnings season.
China's Shanghai Composite Index rose 1.6 per cent after a survey by an industry group showed manufacturing growth slowed in July for a third month.
Hong Kong's Hang Seng Index gained 1.3 per cent while Taiwan's Taiex rose 1.8 per cent.