China's Shanghai Composite Index jumped 2.1 percent to 2306.88 points or 50.06 points higher at midday on Wednesday.
The reason for the surge were various including rumours of a strong HSBC preliminary manufacturing index (PMI) for February to a forecast from a U.S. stock pundit that the China stocks index could climb 48 per cent in six months.
The forecaster has some history of predicting macro turning points.
PMI data is due for release Thursday. Reported by Proactive Investors 53 minutes ago.
The reason for the surge were various including rumours of a strong HSBC preliminary manufacturing index (PMI) for February to a forecast from a U.S. stock pundit that the China stocks index could climb 48 per cent in six months.
The forecaster has some history of predicting macro turning points.
PMI data is due for release Thursday. Reported by Proactive Investors 53 minutes ago.