BEIJING — Major Asian stock markets advanced Monday after Wall Street declined and a survey showed the downturn in Chinese service activity eased in May as anti-virus controls on Shanghai and other major cities were lifted.On Wall Street, the benchmark S&P 500 index lost 1.6% on Friday...
The Shanghai Composite Index SHCOMP rose 1% to 3,228.93 after the business news magazine Caixin said its monthly purchasing managers’ index for services rose to 41.4 from April’s 36.2 on a 100-point scale on which numbers below 50 show activity contracting. On Wall Street, the S&P 500 SPX declined to 4,108.54 for its eighth weekly loss in the past nine weeks.
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