Asian Equities Higher Encouraged by Global Data

Asian shares ticked higher on Tuesday as improved manufacturing data from China, Japan and the United States augured well for global growth, despite a disappointing result from the euro zone.

After a sluggish start the majority of markets across the region struggled ahead through the session, pushing MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.4 percent.

Japan’s Nikkei recouped early losses to add 0.05 percent, while Shanghai firmed 0.2 percent. South Korea outperformed with a rise of 1 percent, led by Samsung Electronics Co Ltd and Hyundai Motor Co.

Reuters

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