China's Caixin Manufacturing PMI unexpectedly expands to 51.0 in August vs. 49.3 expected

According to the latest data published on Friday, China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped back into the expansion territory, coming in at 51.0 in August when compared to July’s contraction of 49.2. The data surprised the market to the upside, as they had expected a 49.3 reading.

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