© Reuters.

Asian Stocks Boosted With Positive Chinese Data, But COVID-19 Worries Remain By Investing.com


© Reuters.

By Gina Lee

Investing.com – Asian stocks were up on Tuesday morning in Asia and were poised to end the last day of the year’s second quarter with gains not seen since 2009.

China’s was up 0.47% by 11:23 PM ET (4:23 AM GMT) and the was up 1.50%, boosted by the country reporting a better-than-expected of 50.9 for June. The figure indicates a second consecutive month of growth, with May’s manufacturing PMI of 50.6.

Hong Kong’s was up by 0.91%, retreating slightly from earlier gains after the National People’s Congress Standing committee passed national security laws for the city earlier in the day. Investors will be monitoring the U.S. reaction, with Commerce Secretary Wilbur Ross saying on Wednesday that the U.S. would suspend preferential treatment regulations for Hong Kong, which include export license exceptions.

Japan’s rose 1.59%. The country’s Ministry of Economy, Trade and Industry…

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