Asian shares tick up U.S. data bolsters reopening hopes

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Reuters

By Andrew Galbraith SHANGHAI (Reuters) – Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy. U.S. manufacturing activity rose in May, the Institute for Supply Management (ISM) said on Tuesday, as pent-up demand boosted orders in a reopening economy, even as unfinished work piled up because of shortages of raw materials and labour. Investors will be watching U.S. jobs data due Friday for clues …

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