Asia stocks sag as oil slip dampens sentiment, dollar stalls
Asian stocks sagged on 1 June as a slip in crude oil prices dampened investors’ appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data. There was little market reaction to the official and private surveys on China’s manufacturing activity, which were roughly in line with expectations, suggesting the world’s second-largest economy is still struggling to regain traction.
