Investors were looking ahead to monthly U. Other data suggest the economy is slowing, which should reduce pressure for prices to rise. The Shanghai Composite Index advanced less than 0. The Nikkei in Tokyo gained 0. Workers get half-yearly bonuses in June. The Kospi in Seoul added 0.
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The gains followed a strong rally on Wall Street. Jitters eased over the visit of U. But analysts said some geopolitical risks remain, with China conducting military exercises near the self-ruled island that it claims as its own territory.
Other stock indexes were similarly shaky as U. The blistering data suggests the economy may not be in a recession, as feared. That means the Federal Reserve may not let up on its aggressive rate hikes to combat inflation as early as hoped. And much of Wall Street still revolves around expectations for rates.
You know that every effect has its causes. Everything happens, everything that happens is for the best. If it were not so, it would not be that it would be better.