
CNBC International
June 3, 2025 at 07:33 AM
*China’s factory activity in May falls sharply*
The Caixin/S&P Global manufacturing purchasing managers’ index fell to 48.3 in May from 50.4 in April, meaning China’s factory activity shrank last month, the steepest drop since 2022.
➡️ https://cnb.cx/4kGjfvc
*Broad rise in Asia*
Hong Kong’s Hang Seng Index gained 1.17%, while Japan’s Nikkei 225 inched up 0.07% at 2 p.m. Singapore time.
➡️ https://cnb.cx/3FBJ0ho
*Neuralink raised $650 million*
Elon Musk’s Neuralink has closed a $650 million funding round, the brain tech startup announced Monday. ARK Invest, Founders Fund, Sequoia Capital and other firms participated in the round.
➡️ https://cnb.cx/3T4pVYh
*Tourist spending as bellwether*
In February, when shares of luxury brand Moncler were up 20% from January, fund manager Giles Parkinson sold. Parkinson’s caution relied not on traditional financial modeling, but the spending patterns of international tourists.
➡️ https://cnb.cx/4kn6nKG
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