Asian stocks rise despite falling Chinese PMI


Asian shares shrug off more soft Chinese PMI data and head higher, with China rising 1% on hopes that the poor reading will lead to fresh government stimulus.

"The whole of Asia seems to have factored in lowered expectations for China’s growth," says asset manager Yoshihiro Okumura. "Several months ago, weaker numbers would have caused more volatility."

Japan's Nikkei continues its yo-yoing ways, jumping 1.8% following a sharp fall on Thursday, the final trading session of last week.

Hong Kong +1.8%, India +1.2%.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs