Asian stocks rallied on Thursday, bolstered by better-than-expected Chinese manufacturing PMI data and overnight gains on
The Hang Seng Index in
Among the market movers, Japanese broker
According to the deal, Gazprom would supply CNPC,
Meanwhile, Chinese computer maker Lenovo Group extended gains from the previous session and closed 0.3% higher, after its net profit jumped 29% for the fiscal year ended in March.
However, Chinese railroad major
A report by HSBC on Thursday showed that
HSBC said the preliminary or "flash" version of its monthly PMI headline number rose to a five-month high of 49.7 from a final reading of 48.1 in April.
Perhaps even more encouraging, the output subindex was at a four-month high of 50.3, from 47.9 in April, breaking above the 50 line that separates growth from contraction.
Some of the other details were similarly bullish, with sub-indexes for both new export orders and overall new orders swinging to gains, though the employment component of the report showed a faster decline than in the previous month.
The flash PMI represents some 85%-90% of the total responses to be used in the final report on Chinese factory activity.
While some economists have shrugged off a series of weak
In other markets;
Singapore's Straits Times Index took on 3.38 points, or 0.1%, to 3,265.66
New Zealand NZX 50 index regained 20.27 points, or 0.4%, to 5,128.84
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