This is cnbc's Live Blog Covering Asia-Pacific Markets.
India Stocks Hit Record Highs to Lead Gains in Asian Markets on Monday, While A Private Survey Showed CHIWED ACTITITITITITITITITED At its Fastst In nearly two years.
India's Nifty 50 Index and the S & P BSE Sensex Were Last Up 3% Each, As Exit Polls Over The Weekend Project Prime Minister Narendra Modi and His Bharatiya Party-led alliance was set for a rare Third Consecutive Term in Power.
The Caixin Survey Showed China's Manufacturing PMI Rose to 51.7 in May from 51.4 The Previous Month, at its fastest page june 2022. UTERS POLL FORECAST of 51.5.
The Private Survey Comes after Office Data On Friday that Showed China's Manual UnexpeCTEDLY CONEXPEDLY.
Hong Kong's Hang Seng Index Gained 1.77%, While Mainland China's CSI 300 Ended 0.25% Higher at 3,588.75.
JAPAN's Nikkei 225 Closed 1.13% Higher to End at 38,923.03, While The Broader Topix Index Ended 0.9% Up AT 2,798.07.
In Australia, The S & P/Asx 200 Added 0.77% to Close at 7,761.00.
South korea's kospi rose 1.74% to end at 2,682.52, While The Smaller-CAP KOSDAQ WAS 0.56% Higher AT 844.72.
Wall Street Futures Were Calm Ahead of the First Trading Day in June, With the Dow Jones IndustRAGE FUTURES Up 25 Points, or Less Than 0.1%.
S & P 500 FUTURES Were Flat, and NASDAQ 100 FUTURES Were Down 0.1%.
The main indexes are coming off a strong may, with all Three notching their sixth posite month in seven. Ber 2023.
- CNBC's Jesse Pound Contributed to this report.
South Korean Energy Stocks Rose after the GreenLit Exploatch Drilling for Vast Oil and Gas Resources of the Country's East Coast.
Shares of Korea Gas Corporation Surged 29.87%. Daesung Energy Rose 28.25%, While SK Innovation Climbed 7.9%and SK Gas Advanced 15.97%.
South Korean President Yoon Suk Yeol Reportedly Told A News CONFERENCE THERE IS A "Very High" POSSIBILITY for The Area TO CONTAIN As Much Billion Barrels of OI. l and gas.
--Lee ying shan
Javier ghersi | Moment | getty images
Stock Gauges in India Hit IntraDay Record Highs, with the nifty 50 Index Rising About 3% and the s & P BSESEX TOTURN Index Last Up About 2.6%.
Local EXIT POLLS OVER the Weekend Suggested Prime Minister Narendra Modi and His Bharatiya Janata Party-Led Alliance Was Set for A Rare Third Consentive Term in Power.
The Bjp-Led National Democratic Alliance is Expected to Secure Art 365 OUT of the 543 Seats in the Lower House of India's Parliament, According to Local News Hannel NDTV's EXIT POLL SUMMARY.
However, Final Results, Expected on Tuesday, Can Diverge from Exit Poll Projects.
- Shreyashi Sanyal, Charmaine Jacob
A Private Survey Showed China's Manualing Activity Expanded Atterst Pace in Nearly Two Years, in Contrast to An Office Reading.
The Caixin Surveed The Headline Seasonally Adjusted ManuFacturing PMI Rose to 51.7 In May from 51.4 The Previous Month 2022. It was also higher than a reuters poll forecast of 51.5.
The Private Survey Comes after Office Data on Friday Showed China's Manufacturing Sector UNEXPECTEDLY CONTRACTD in May.
The Caixin Survey Also Said SENTINT AMONG CHINESE POSINED POSITIVE IN MAY HOPES THAT MATMAND COULD BOTH LOTH LOTH LOTH LOTH To support higher product this year.
- Shreyashi Sanyal
A Private Survey Showed South Korea's ManuFacturing Activity Expanded At ITS FASTEST PACE IN Nearly Three Years in May.
South Korea's Headline ManuFacturing Purchasing Managers' Index Showed A Return to Growth in May, Coming in at 51.6 from 49.4 in April, Which Was The Strong st since july 2021.
"After Recovery Efforts APPEARED to have PlateAuered Recently, Growth Surged in May as Stronger Demand Conditions, Both Destically and about Growth to its Strongest in Nearly Three Years, "Said Joe Hayes, Principal Economist at S & P Global Market Intelligence.
- Shreyashi Sanyal
The U.S. Along with Other Nations Could Take Steps Against Chinese Companies and Banks Over Beijing's Support for Russia's Warst Ukraine, a Top U.S. Office l said, accounting to reuters.
"I think when we are primarily focused are on Chinese companies that have ben involved in a systematic waying russia," U.S. DEPUTY OF State T Campbell Said, According to the Report.
"We've Also looked Closly at Financial Institutions," Campbell Said.
Separatly, Campbell Met with Vice MINister of Foreign Affairs of China, Ma Zhaoxu, in Washington on May 30.
- Shreyashi Sanyal, REUTERS
Goldman SACHS has recommended that Investors Consider A Specific Trading Strategy When TRADING EUROPEAN MARKETS RIGHT NOW GIVEN The "Scope for Nearm Volative EQUITIES. "
This follows the data and is extended to prove effective. Then, then
Going FORWARD, Those Searching for Pockets of Opportunities in the Region and "Looking to Positive Somewhat Defens Weily" KS "OFFERING HIGHER RISK-Adjusted Upside."
CNBC Pro Subscripers can read more here.
- Amala Balakrishner
Despite an intersest rate cut exten this week, profits at a handful of major european bank remain robust, accounting to berenberg.
One of the Lender's Stocks Could Rise by More than 40% Over The Next 12 MONTHS, According to the Investment Bank.
CNBC Pro Subscripers can read more here.
- Ganesh Rao
NVIDIA AnNONECED New AI Chips on Sunday Before Its Latest Model has eveful to customers.
The New Chip Model is Called. One-year rhythm. ""
Shares of nvidia are up more thanEar-to-Date Even as Other Deep-POCKETED Tech Companies true to compete with the ai leader.
- JESSE POUND, Rebecca Picciotto
Here some of the notable economic and corporate updates this wek. All times et:
Monday, june 3
10 A.M. Construction Spending (April)
10 A.M. ISM Manufacturing (May)
Tuesday, june 4
10 A.M. JOLTS Job Openings (April)
Earnings: Hewlett Packard Enterprise, Bath & Body Works
Wednesday, june 5
10 A.M. ISM Services PMI (May)
Earnings: Campbell Soup, Dollar Tree
Thursday, June 6
8:30 A.M. Initial usess claims
Earnings: J.M. Smucker Co.Kanpur Investment
Friday, JUNE 7
8:30 A.MBangalore Investment. May Jobs Report
- JESSE POUND, Sarah Min
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