- China's manufacturing purchasing managers' index held in the expansion zone as the country returned from a two-day holiday Wednesday, marking its 10th straight month of expansion.
- The index was unchanged from April's 51.2 and beat expectations for 51.0, indicating some much-desired stability amid bubble risks for the Chinese market. New orders also were unchanged at 52.3, while production dipped to 53.4 from 53.8.
- Nonmanufacturing PMI rose to 54.5 from April's 54.0, with new orders rising to 50.9 from 50.5.
- The indexes rose thanks in part to investment in construction and infrastructure.
- ETFs: FXI, ASHR, YINN, EWH, CAF, FXP, YANG, KWEB, PGJ, GXC, CYB, HAO, CQQQ, CNY, MCHI, PEK, CHN, CHIQ, CHIX, TAO, QQQC, TDF, XPP, ASHS, CNXT, YXI, CHAU, YAO, CN, FCA, GCH, CHAD, FXCH, ECNS, CXSE, CHII, CHIM, KBA, CHIE, EWHS, JFC, FCHI, KFYP, AFTY, FHK, HAHA, ASHX, CNHX, XINA, CNYA, CWEB
- Now read: This Time Is Different
Original article