China stocks extend gains as services PMI strengthens
Investors showed confidence in AI-related shares despite concerns about high valuations, encouraged by expectations of strong earnings growth. On the economic front, a private survey revealed that Chinas Composite PMI climbed to a three-month high of 54.0 in May. The services PMI was the main driver, rising to 54.4, also a three-month peak.
Investors showed confidence in AI-related shares despite concerns about high valuations, encouraged by expectations of strong earnings growth. On the economic front, a private survey revealed that Chinas Composite PMI climbed to a three-month high of 54.0 in May. The services PMI was the main driver, rising to 54.4, also a three-month peak.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
