AI-driven rally lifts Asia stocks as China PMI beats expectations
Asian stocks rose after China’s official manufacturing PMI unexpectedly expanded to 50.3 in June, boosting sentiment and a tech-led rally that helped lift major benchmarks across the region; CSI 300 and Shanghai Composite gained while Japan’s Nikkei 225 and Korea’s KOSPI posted solid advances, and MSCI Asia ex Japan rose about 21% over the last three months, even as Hong Kong lagged. U.S. futures were higher ahead of key jobs data and talks with Iran, underscoring a cautiously optimistic backdrop for Q3.







