Asian shares edge higher, yen falls on Bank of Japan report
TOKYO (Reuters) – Asian shares edged higher on Monday but prices were capped by uncertainty facing the global economy after a private survey showed Chinese manufacturing activity retreated from two-year highs this month. China’s HSBC flash purchasing managers’ index (PMI) for February slipped to a four-month low of 50. 4 and down from January’s final reading of 52. 3, which had been the best performance since January 2011. But the PMI on Monday showed a fourth consecutive month of expansion, confirming that the world’s No. 2 economy is recovering, albeit slowly. . . .
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