SINGAPORE — Shares in Asia-Pacific had been blended in Monday commerce as traders reacted to financial information that confirmed a blended image of Chinese language manufacturing exercise in October.
Japanese shares led positive aspects regionally because the Nikkei 225 jumped 2.37% in afternoon commerce, with shares of Fast Retailing hovering almost 5%. The Topix index climbed 1.65%. These positive aspects got here after the nation’s ruling Liberal Democratic Party held on to its single-party majority in a Sunday parliamentary election.
Hong Kong’s Hang Seng index fell 1.11% whereas mainland Chinese language shares nudged increased, with the Shanghai composite rising fractionally and the Shenzhen component climbed 0.528%.
China’s official manufacturing Buying Managers’ Index for October got here in at 49.2 over the weekend, under the 50 stage separating growth from contraction. It represented the second straight month of shrinking manufacturing exercise within the nation, following September’s official manufacturing PMI studying of 49.6.
Nonetheless, a private survey released Monday showed Chinese language manufacturing exercise progress in October increasing — with the Caixin/Markit manufacturing PMI coming in at 50.6.
PMI studying under 50 signify contraction whereas these above that stage signify growth. PMI readings are sequential and signify month-on-month growth or contraction.
Elsewhere, South Korea’s Kospi superior 0.5% whereas the S&P/ASX 200 in Australia gained 0.55%.
MSCI’s broadest index of Asia-Pacific shares exterior Japan slipped 0.38%.
Currencies and oil
The U.S. dollar index, which tracks the dollar in opposition to a basket of its friends, was at 94.213 after a latest leap from under 93.6.
The Japanese yen traded at 114.23 per greenback, weaker than ranges under 113.4 seen in opposition to the dollar final week. The Australian dollar modified palms at $0.7505, following a decline from above $0.753 late final week.
Oil costs slipped within the afternoon of Asia buying and selling hours, with worldwide benchmark Brent crude futures down 0.38% to $83.40 per barrel. U.S. crude futures shed 0.49% to $83.16 per barrel.
— CNBC’s Evelyn Cheng contributed to this report.
