Asian stocks rose broadly on Wednesday in spite of signs that the region's factory activity lost momentum in August due to a resurgence in coronavirus cases.
Chinese shares advanced as weak data raised hopes for more policy support. The benchmark Shanghai Composite Index climbed 23.16 points, or 0.7 percent, to 3,567.10, while Hong Kong's Hang Seng Index ended up 149.30 points, or 0.6 percent, at 26,028.29.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.