Asia Markets Anticipate Positive Growth with China's Business Activity Surveys

Asia-Pacific markets are on the rise ahead of the release of business activity data and inflation reports from countries in the region. China is set to release its July purchasing managers index (PMI) for both the manufacturing and non-manufacturing sectors, with expectations of the manufacturing PMI remaining in contraction territory for a fourth straight month. Japan's industrial production in June was lower than expected, while the electric car market in China is facing challenges with cash flow and deliveries. Additionally, there are cheaper stocks available in the market, and technology stocks have rallied, lifting the Nasdaq Composite.