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Hong Kong stocks rise 2%, leads gains in Asia as investors digest private surveys on factory activity - TL;DR CNBC

Hong Kong stocks rise 2%, leads gains in Asia as investors digest private surveys on factory activity

Publishing timestamp: 2023-07-03 04:01:59


Summary

Asia-Pacific markets rose as investors digested manufacturing activity reports. China's Caixin PMI came in slightly higher than expected, while the official government PMI showed contraction. Hong Kong's Hang Seng index and Hang Seng Tech index led gains in the region. Japan's Nikkei 225 reached a new 33-year high. South Korea's Kospi and Kosdaq rebounded. Private surveys showed mixed factory activity in ASEAN countries. Investors are closely watching central bank rate decisions and manufacturing PMI readings.


Sentiment: MIXED

Tickers: .DXY.HSI.KS11@CL.1.SPX.SSEC@LCO.1JPY=.AXJO.SZI.NDX.DJIAUD=.N225

Keywords: economic eventsaustraliamalaysiashanghaiwti crude (mar'23)kospi indextaiwannikkei 225 indexbreaking news: marketschinachicagoshenzhen component indexworld marketshang seng indexjapanbreaking news: asiabusiness newsusd/jpyasia economyice brent crude (apr'23)south koreamarketsindiathailandindonesiadxy us dollar currency indexaustralian dollar/us dollar fx spot rates&p/asx 200

Source: https://www.cnbc.com/2023/07/03/asia-markets.html


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