- The preliminary May HSBC PMI of 49.7 rises from 48.1 at the end of April and stands against estimates for 48.3, though still remaining in contraction territory.
- “A few industries that are sensitive to the mini-stimulus may have started to benefit from the pro-growth policies,” says Everbright chief economist Xu Gao. “It’s still too early to conclude that a quick rebound is taking place in the Chinese economy."
- The Shanghai Composite fell 0.2% overnight, while Hong Kong (EWH) gained 0.5%.
- ETFs: FXI, EWH, PGJ, GXC, FXP, KWEB, YINN, HAO, ASHR, CHIQ, YANG, TAO, CHIX, CQQQ, MCHI, QQQC, PEK, XPP, YAO, CHXX, YXI, CHXF, CHII, ECNS, CHIM, CHIE, EWHS, FCHI, FCA, KFYP, CN, CHNA, FHK, KBA, ASHS
at CNBC.com (Oct 2, 2014)