China May HSBC Manufacturing PMI down to 49.6 vs 50.4

The Nikkei index is posting yet another 5.5-year high last at 15903, up +1.73% for the day, highest since early Dec 2007. The index adds almost a 5% gain this week alone, while mounts for almost +85% advance from Nov lows when anticipated elections were called in Japan. The move comes on the back of local bonds keep selling off, and continued Yen weakness.