<p><div class="KonaFilter image-container float_right"><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/538bde356bb3f7c76f850dcf-1200-924/floating-lantern.jpg?maxX=480&amp;maxY=359" border="0" alt="floating lantern" width="480" height="359" /><p class="source"><span>REUTERS/Sukree Sukplang</span></p></div><p></p></div>Asian markets are up after China's official manufacturing PMI climbed to a <a href="http://www.businessinsider.com/r-china-factory-activity-hits-five-month-high-in-may-confirming-stabilization-2014-01">five-month high</a> of 50.8 in May.</p>
<p>The State Council in China also announced additional policy easing measures on May 30.</p>
<p>Premier Li Keqiang promised targeted reserve requirement ratio (RRR) cuts to support economic growth. This includes more targeted monetary and credit easing lower burdens on companies in China.  </p>
<ul>
<li>The Nikkei is up 1.7%</li>
<li>Australia's S&amp;P/ASX 200 is up 0.2%</li>
<li>South Korea's KOSPI is up 0.5%</li>
</ul>
<p>U.S. futures are flat and markets in China and Hong Kong are closed.</p>

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BusinessInsider

The Weekend Is Over And Markets Are Higher

REUTERS/Sukree SukplangAsian markets are up after China's official manufacturing PMI climbed to a five-month high of 50.8 in May. The State Council in China also announced additional policy easing measures on May 30. Premier Li Keqiang promised targeted reserve requirement ratio (RRR) cuts to support economic growth. This includes more targeted monetary and credit easing lower burdens on companies in China. The Nikkei is up 1.7% Australia's S&amp;P/ASX 200 is up 0.2% South Korea's KOSPI is up 0.5% U.S. futures are flat and markets in China and Hong Kong are closed.

REUTERSSukree SukplangAsian markets are up after Chinas official manufacturing PMI climbed to a fivemonth high of 50. 8 in May.

The Weekend Is Over And Markets Are Higher

Mamta Badkar

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