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World shares advance, shrugging off Wall Street retreat

November 1, 2022

Via: ABC News

Hong Kong jumped more than 5% and other world markets also advanced after a survey of Chinese manufacturing showed activity has improved.

U.S. futures and oil prices rose, while the euro gained but stayed below $1.

The monthly manufacturing gauge from Caixin, a Chinese business news magazine, helped to counter renewed concerns about coronavirus outbreaks. It showed activity declined in October but at a slower rate than in the previous month.

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