SINGAPORE, June 1 (Reuters) – Asian stock markets rose on Tuesday while gold flirted near five-month highs ahead of European and U.S. data this week that will likely offer clues on the health of the global economy.
The world’s recovery from the COVID-19 pandemic remains patchy with exports reviving but broader economic activity still dampened by new measures to contain fresh outbreaks.
China’s factory activity expanded at the fastest pace this year in May as domestic and export demand picked up, though sharp rises in raw material prices and strains in supply chains crimped some companies’ production, a business survey showed on Tuesday. read more
Taiwan (.TWII) and South Korea (.KS11) share indexes climbed in early trade while Japan (.N225), Australia (.AXJO) and Hong Kong markets (.HSI) retreated, pushing up MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) by 0.3%.
South Korea’s index jumped 0.8% and led…