3/3, 3:59 AM (Source: TeleTrader)
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Asian stocks rise after PMI data

Equities on the Asian markets traded higher on Wednesday after China's PMI data showed the country's service economy marked an overall growth in the sector in February, despite the month-on-month improvement hitting a 10-month low. In Japan, the Jibun Bank Manufacturing PMI surprised expectations although the figure remained below the neutral 50, signaling a contraction in business activity.

Japan's Nikkei 225 went up by 0.18% at 3:35 am CET, with the Australian S&P 200, inching 0.66% higher a minute later. At 3:56 am CET, South Korea's Kospi added 0.31%. The dollar traded 0.1% higher against the yen, going for ¥106.8505 at 3:57 am CET, as Hong Kong's Hang Seng increased by 1.88%.

In mainland China, the Shanghai Composite surged 1.1% at 3:56 am CET, with the Shenzhen Composite rising by 0.35% a minute later.

Breaking the News / NL