CNBC International

CNBC International

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CNBC International
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 _Get the latest updates: https://bit.ly/CNBCiWhatsApp_
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