Asia stocks cautiously mixed, dollar tries to bounce – ZAWYA
- Date: 03-Aug-2020
- Source: Zawya
- Sector:Financial Markets
- Country:UAE
Asia stocks cautiously mixed, dollar tries to bounce – ZAWYA
Asia stocks cautiously mixed, dollar tries to bounce Caixin China PMI beats forecasts at 52.8 People walk past a screen showing stock indexes in Hong Kong, China August 5, 2019.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.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. 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.That lifted Chinese blue chips 0.9%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, though