The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Reflecting improved economic activity in the world's second-largest economy, Asian stocks rose after China's PMI data showed improvement, according to reports. The data came in above expectations, boosting markets in Tuesday's session. The tech sector led gains, extending the positive momentum that capped the quarter.
According to market data, China's manufacturing PMI hit 51.2 in June, above the 50.8 forecast and versus 50.6 in May. Tech stocks in Taiwan and South Korea also rose, with TSMC and Samsung shares up over 2%, per market data. This follows encouraging services sector data.
Sign in to access this content
Sign InLooking ahead, investors await further Chinese economic data, including CPI and retail sales in the coming weeks. Markets will also focus on central bank moves in Asia and their impact on liquidity. Asian stocks remain supported by improving sentiment amid continued economic recovery.