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Most Asian stock indices climbed due to the positive Chinese manufacturing data. China’s HSBC manufacturing index (preliminary) climbed to 49.7 in May, up from 48.1 in April. Analysts had expected an increase to 48.4.
The Asian stock markets followed the U.S. markets, which ended higher after the release of Federal Reserve's meeting minutes on Wednesday. The Fed sees the slow improvement in the economy and doesn’t see inflation pressure. It means that the U.S. central bank could left interest rates unchanged at record lows for some time after its asset purchase program ends.
Indexes on the close:
Nikkei 225 14,337.79 +295.62 +2.11%
Hang Seng 22,953.76 +117.24 +0.51%
Shanghai Composite 2,021.29 -3.67 -0.18%
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