• Asian Stocks close: most stocks increased due to weaker yen and economic data from China

Market news

3 June 2014

Asian Stocks close: most stocks increased due to weaker yen and economic data from China

Most Asian stock indices increased due to weaker yen and economic data from China. The Japanese stock index Nikkei was supported by the weaker yen. The stock indices in China were supported by Chinese economic data.

China’s final HSBC manufacturing purchasing managers’ index increased to 49.4 in May from 48.1 in April, missing expectation of a gain to 49.7.

Chinese non-manufacturing purchasing managers’ index climbed to 55.5 in May from 54.8 in April. That was the highest figure since November 2013.

Indexes on the close:

Nikkei 225                       15,034.25              +98.33            +0.66%

Hang Seng                       23,291.04            +209.39            +0.91%

Shanghai Composite        2,038.31                  -0.91            -0.04%

Market Focus
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