GLOBAL MARKETS-Asian shares weaker as growth, virus worries temper tech boost

Business news

Asian shares turned lower in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases darkened the mood, despite strong U.S. tech earnings and manufacturing recoveries in China and Japan. European shares were expected to open broadly lower across the board, with Euro Stoxx 50 futures down 0.28%, German DAX futures 0.49% lower and FTSE futures off 0.08%. China’s official Purchasing Manager’s Index (PMI) data showed that factory activity grew in July for a fifth straight month and at a faster pace, defying expectations of a slowdown, while Japan’s industrial output snapped four months of declines in June.

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