HONG KONG–Asian markets mostly rose Thursday as an index of Chinese manufacturing activity hit an 18-month high in July, boosting hopes for the world’s No. 2 economy, as concerns over the Ukraine crisis eased.
The euro fell to fresh multi-month lows against the dollar and yen as investors fretted over the impact of sanctions on Russia over its links to rebels in Ukraine who have been blamed with shooting down a Malaysian airliner.
Shanghai rallied 1.28 percent, or 26.57 points, to 2,105.06 and Hong Kong jumped 0.71 percent, or 169.63 points, to 24,141.50.
Sydney recorded its seventh straight gain, rising …read more
Source: The Philippine Daily Inquirer
