The Japanese stock market hit an eight-week high following the release of strong China manufacturing data and improving domestic consumer sentiment.
The Nikkei 225 closed up 2% at 14,935 - its highest level since 7 April - after a surprise uptick for China's manufacturing industry. Data showed Chinese PMI expanded the fastest in five months, while Japanese capital spending reached highs not seen since 2012. Export-focussed businesses led the charge, with the yen weakening against the dollar by 0.3%. Precision tool maker Shimadzu Corp rose 3.8% while air conditioner maker Daikin Industries rose 2.4%. The news comes despite growing tensions between Japan and its Chinese neighbour. Yesterday the Chinese government denounce...
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