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Asian shares mixed on China rebound, pandemic worries

March 31, 2021

Via: ABC News

Asian shares were mixed Wednesday as pointed to a strong economic recovery in China but worries lingered about the coronavirus pandemic.

Japan’s benchmark Nikkei 225 dipped 0.8% in morning trading to 29,200.21. Australia’s S&P/ASX 200 added 1.5% to 6,841.60. South Korea’s Kospi was little changed, gaining less than 0.1% to 3,071.42. Hong Kong’s Hang Seng slipped 0.6% to 28,407.21, while the Shanghai Composite shed 0.9% to 3,424.44.

A survey released Wednesday shows China’s factory activity rebounded in March from a three-month slowdown as export orders rose. The monthly index of manufacturing issued by the China’s statistics agency and an industry group rose to 51.9 from February’s 50.6 on a 100-point scale on which numbers above 50 show activity expanding.

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