Shares are mostly higher in Asia after U.S. stock indexes drifted closer to records. Oil prices rose and U.S. futures slipped. Markets in China advanced despite a report showing a deterioration in manufacturing activity in May, even after China and the U.S. paused tariff hikes to allow time for talks. The survey of purchasing managers, or PMI, by the financial media group Caixin showed factory output, new export orders, purchasing activity and staffing all declined. On Monday, the S&P 500 rose 0.4% and the Dow Jones Industrial Average edged up 0.1%. The Nasdaq composite added 0.7%. Treasury yields rose.
AloJapan.com