TOKYO: Asia shares extended their rally on Tuesday as factory activity surveys from China and the United States boosted investor confidence, triggering the largest one-day sell-off in the U.S. Treasury market in nearly three months.
Investors cheered U.S. data overnight showing improvements in manufacturing activity last month and construction spending for February, which overshadowed an unexpected drop in retail sales. "But thinking about how things really are, at the end of the week jobless claims will be released and it's true that individual consumption, which accounts for 70 percent of gross domestic product, hasn't been good. I think that has to be taken into account," Fujito said.
The British parliament failed on Monday to find a majority of its own for any alternative to Prime Minister Theresa May's divorce deal.
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