Asian shares fell as U.S. manufacturing contracted in May, indicating a slowing economy.
Asian shares fell as U.S. manufacturing contracted in May, indicating a slowing economy. Japan's Nikkei 225 index dropped 0.5%, while South Korea's Kospi decreased 0.4%, and Hong Kong's Hang Seng gained 0.1%. The U.S. manufacturing sector has been impacted by high interest rates used to control inflation, which could also affect Asian economies relying on exports.
June 04, 2024
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