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Asian shares gain as investors shrug off downbeat data

FILE - A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are opening higher again on Wall Street Friday, June 24, keeping the market on track for solid weekly gains after two punishing weeks that brought back-to-back weekly drops of more than 5%. (AP Photo/John Minchillo, File)

FILE - A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are opening higher again on Wall Street Friday, June 24, keeping the market on track for solid weekly gains after two punishing weeks that brought back-to-back weekly drops of more than 5%. (AP Photo/John Minchillo, File)

FILE - A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are opening higher again on Wall Street Friday, June 24, keeping the market on track for solid weekly gains after two punishing weeks that brought back-to-back weekly drops of more than 5%. (AP Photo/John Minchillo, File)

FILE - A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are opening higher again on Wall Street Friday, June 24, keeping the market on track for solid weekly gains after two punishing weeks that brought back-to-back weekly drops of more than 5%. (AP Photo/John Minchillo, File)

FILE - A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are opening higher again on Wall Street Friday, June 24, keeping the market on track for solid weekly gains after two punishing weeks that brought back-to-back weekly drops of more than 5%. (AP Photo/John Minchillo, File)

FILE - A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are opening higher again on Wall Street Friday, June 24, keeping the market on track for solid weekly gains after two punishing weeks that brought back-to-back weekly drops of more than 5%. (AP Photo/John Minchillo, File)

An NYSE sign is seen on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. Stocks are opening higher on Wall Street Thursday, June 23. The Labor Department said fewer Americans applied for jobless benefits last week as the U.S. job market remains robust. (AP Photo/Seth Wenig)

Currency traders watch computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2022. Shares were higher in Asia on Friday, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. (AP Photo/Lee Jin-man)

A currency trader walks near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2022. Shares were higher in Asia on Friday, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. (AP Photo/Lee Jin-man)

A currency trader watches computer monitors at a foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2022. Shares were higher in Asia on Friday, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. (AP Photo/Lee Jin-man)

A currency trader walks near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2022. Shares were higher in Asia on Friday, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. (AP Photo/Lee Jin-man)

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2022. Shares were higher in Asia on Friday, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. (AP Photo/Lee Jin-man)

Asian shares gain as investors shrug off downbeat data