Asian shares retreated on Tuesday after a report showed that U.S. manufacturing contracted in May, in the latest sign the economy is slowing. India's Sensex led the region's losses, plunging 4.1% to 73496.24 as the vote count for the country's six-week-long national election appeared to show a lower than expected seat count for incumbent Prime Minister Narendra Modi's party, although his National Democratic Alliance was comfortably leading its closest rival.
Permanent residents from countries including the UK and US will be eligible to join and get citizenship.
The German army intends to order 200,000 more artillery shells from armsmaker Rheinmetall than it had planned, Spiegel magazine reported on Tuesday, citing a letter from the Defence Ministry to the Parliament's budget committee. The army plans to get 200,000 additional 155mm artillery shells worth about 880 million euros ($960 million) within its framework agreement with the defence firm, the letter said. As Western governments beef up their military and replenish their stocks after supplying arms to Kyiv, Rheinmetall, whose market value has more than quadrupled since the war in Ukraine, is seeing a sharp increase in orders.