Doubt Chinese Data, but Its Stronger-than-Expected PMI Lifts Risk Assets
Marc Chandler
March 01, 2023
Overview: Many investors may be skeptical of the
accuracy of Chinese data, but its stronger than expected February PMI animated
the animal spirits and bolstered risk-taking appetites. Asia Pacific equities
jumped, led by the 4.2% rally in Hong Kong and a 5% surge in the index that
tracks mainland shares. Among the long bourses Australia and Singap…
Doubt Chinese Data, but Its Stronger-than-Expected PMI Lifts Risk Assets
Reviewed by Marc Chandler
on
March 01, 2023
Rating:
Reviewed by Marc Chandler
on
March 01, 2023
Rating:
