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Asian shares, oil advance on strong China factory data

Por: ABC News Business March 01, 2023

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TOKYO -- Asian shares were higher Wednesday after reports on key measures of manufacturing showed a strong recovery after anti-virus controls were lifted late last year. Hong Kong’s Hang Seng index jumped 3.3% and Shanghai gained 0.9%. Purchasing managers’ indexes issued by a business magazine, Caixin, and the official China Federation of Logistics & Purchasing showed gains in production, exports and new orders. Business activity is... + full article



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