China July HSBC flash PMI at 52, an 18-month high
July 23, 2014 at 21:46 PM EDT
China's manufacturing activity rose to an 18- month high in July, according to a private survey Thursday, as the government's stimulus measures worked their magic, consolidating a recovery in the world's second biggest economy. Australian dollar jumped to a fresh new two-week high of $0.9469 on the news, while Shanghai stocks were up nearly 1 percent..