{"id":31680,"date":"2022-06-01T06:18:50","date_gmt":"2022-06-01T06:18:50","guid":{"rendered":"https:\/\/harchi90.com\/private-survey-on-chinese-factory-activity-in-may-ahead\/"},"modified":"2022-06-01T06:18:50","modified_gmt":"2022-06-01T06:18:50","slug":"private-survey-on-chinese-factory-activity-in-may-ahead","status":"publish","type":"post","link":"https:\/\/harchi90.com\/private-survey-on-chinese-factory-activity-in-may-ahead\/","title":{"rendered":"Private survey on Chinese factory activity in May ahead"},"content":{"rendered":"
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SINGAPORE – Shares in Asia-Pacific were mixed in Wednesday trade, with investors watching for market reaction to the release of a private survey on Chinese factory activity for May.<\/p>\n

Mainland Chinese stocks were mixed, with the Shanghai Composite sitting below the flatline while the Shenzhen Component was up 0.419%. Hong Kong’s Hang Seng index slipped 0.74%.<\/p>\n

China’s Caixin \/ Markit manufacturing Purchasing Managers’ Index for May came in at 48.1 on Wednesday, an improvement over April’s reading of 46 but still remaining below the 50-level mark that separates expansion from contraction.<\/p>\n<\/div>\n

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We’re in a relatively calm period, there has been a risk-on environment that’s been triggered by some degree of opening up in China.<\/p>\n

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Manishi Raychaudhuri<\/p>\n

head of Asia-Pacific equity research, BNP Paribas<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n

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China’s official manufacturing PMI for May, released Tuesday, came in at 49.6 – an improvement over April’s reading of 47.4. The May reading was above the 48.6 level expected from a Reuters poll.<\/p>\n

PMI readings are sequential and represent month-on-month expansion or contraction.<\/p>\n

The Nikkei 225 in Japan gained 0.61% while the Topix index advanced 1.19%.<\/p>\n

In Australia, the S & P \/ ASX 200 climbed 0.11%. Australia’s gross domestic product grew 0.8% quarter-on-quarterly in seasonally adjusted chain volume terms during the first quarter, data from the country’s Bureau of Statistics showed Wednesday. That was above expectations in a Reuters poll for a 0.5% gain.<\/p>\n

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.41% lower.<\/p>\n

“We’re in a relatively calm period, there has been a risk-on environment that’s been triggered by some degree of opening up in China,” Manishi Raychaudhuri, head of Asia-Pacific equity research at BNP Paribas, told CNBC’s “Street Signs Asia “on Wednesday. “There has also been commentary, a narrative that the risk perception is way too high among institutional investors.”<\/p>\n

“That said, we must also keep in mind that we’re now about to enter a period of quite severe monetary policy tightening,” he added. “We have to brace for the impact at least, you know, in the next one quarter or so.”<\/p>\n<\/div>\n

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Stock picks and investing trends from CNBC Pro:<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Markets in South Korea are closed on Wednesday for a holiday.<\/p>\n

Overnight on Wall Street, the S&P 500 shed 0.63% to 4,132.15. The Dow Jones Industrial Average dropped 222.84 points, or 0.67%, to 32,990.12. The tech-heavy Nasdaq Composite dipped 0.41% to 12,081.39.<\/p>\n<\/div>\n

Currencies and oil<\/h2>\n<\/div>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE – Shares in Asia-Pacific were mixed in Wednesday trade, with investors watching for market reaction to the release of a private survey on Chinese factory activity for May. Mainland Chinese stocks were mixed, with the Shanghai Composite sitting below the flatline while the Shenzhen Component was up 0.419%. Hong Kong’s Hang Seng index slipped …<\/p>\n

Private survey on Chinese factory activity in May ahead<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":31681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[786,790,779,229,118,788,785,15556,784,112,782,781,783,780,2207,789,787,11705],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/image.cnbcfm.com\/api\/v1\/image\/106868547-1618443427035-gettyimages-1230415697-JAPAN_STOCK.jpeg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106868547-1618443427035-gettyimages-1230415697-JAPAN_STOCK.jpeg?v=1654039734&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/31680"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=31680"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/31680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/31681"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=31680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=31680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=31680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}