Asian stocks rose broadly on Wednesday, as optimism for strong earnings growth and expectations of continued support from central banks offset renewed concerns about the rapid spread of the delta variant of the coronavirus.
Chinese shares advanced after the latest survey from Caixin showed the services sector in the country expanded at a faster rate in July, with a services PMI score of 54.9, up from 50.3 in June. The survey also said its composite index improved to 53.1 from 50.6 in June. The benchmark Shanghai Composite index ended up 29.23 points, or 0.9 percent, at 3,477.22.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.