* Asian stock markets: tmsnrt.rs/2zpUAr4 * Equities cheer positive economic data * Coronavirus surge remains a risk to markets By Stanley White and Alun John TOKYO/NEW YORK/HONG KONG, June 30 (Reuters) – Asian shares advanced on Tuesday as positive economic data from China and the United States helped to close out a strong quarter, though a renewed surge in global coronavirus cases underlined a challenging investment climate. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.51%, on course for its highest quarterly gain in nearly 11 years. However, it was not clear whether the optimism would carry over into European trading, with EUROSTOXX 50 futures losing 0.7%, FTSE futures shedding 0.36%, and E-Mini futures for the S&P 500 down 0.24%. Asian markets got an early boost after an official survey on China’s vast factory sector showed activity quickened last month, defying expectations for a modest slowdown. That came on top of strong U.S. housing market data overnight, which helped drive up Wall Street stocks despite a worrying surge in coronavirus cases in the country and around the world. The Chinese factory data lifted its blue chips which jumped 0.82% to their highest level since mid March. Still, most… Read full this story
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