China's Factory Activity Hits 2-Year High Amid Economic Uncertainty
TL;DR Summary
Indian stocks surged to record highs, leading gains in Asian markets, as exit polls projected Prime Minister Narendra Modi's BJP-led alliance to win a third consecutive term. The Nifty 50 and S&P BSE Sensex indices both rose by 3%. Meanwhile, a private survey showed China's manufacturing activity expanded at its fastest pace in nearly two years, with the Caixin PMI rising to 51.7 in May. Other Asian markets also saw gains, with notable increases in Hong Kong, Japan, Australia, and South Korea.
- Asia markets rise as China factory activity expands at fastest pace in nearly two years CNBC
- China's factory activity growth hits 2-year high, Caixin PMI shows Reuters
- China Manufacturing Growth at Two-Year High, Private Gauge Shows Bloomberg
- Chinese factory activity falls in hit to economic momentum Financial Times
- China's Strategy to Use Factories to Revive Growth Begins to Show Cracks The Wall Street Journal
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