Asian markets rise as Fed holds rates steady, China posts weaker economic data

TOKYO — Asian shares were mostly higher Thursday after the U.S. Federal Reserve held interest rates steady.

Data from China showed consumer and factory activity weakened in May and record-breaking unemployment among young people in cities rose as an economic rebound following the end of anti-virus controls slowed. Consumers, uneasy about possible job losses, have returned to shops and restaurants less quickly than expected.

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