World shares near record high on Fed, earnings, but Asia slips By Reuters
By Hideyuki Sano TOKYO (Reuters) - World stocks held near a record high as strong U.S. economic data, robust corporate earnings and the Federal Reserve's commitment to continue supporting the economy fuelled investors' appetite for risk. Asian stocks had less luck, with MSCI's ex-Japan index losing 0.6%, following a softer-than-expected survey on China's manufacturing. "China's economic recovery in January-March was strong but there are some doubts over whether you can take it at face value," said Wang Shenshen, senior strategist at Mizuho Securities. Chinese tech giant shares listed in Hong Kong also buckled as Beijing summoned...
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