Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Japan stocks jump more than 1% as China’s November factory activity was stronger than expected

by
November 30, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Cathie Wood says rising rates hit her strategy like an earthquake and cyclical stocks are next

Potentially deadly fungus is spreading at an ‘alarming rate,’ CDC says

SINGAPORE — Shares in Asia-Pacific mostly rose in Tuesday trade as Japanese stocks led gains regionally, with investors reacting to the release of Chinese factory activity data for November.

Japan’s Nikkei 225 gained 1.26% while the Topix index climbed 1.41%.

Mainland Chinese stocks were higher, with the Shanghai composite up 0.29% while the Shenzhen component advanced 0.182%. Hong Kong’s Hang Seng index lagged the broader region, slipping 0.37%.

China’s official manufacturing Purchasing Managers’ Index for November came in at 50.1 on Tuesday. That was above expectations by analysts in a Reuters poll for a reading of 49.6.

PMI reading below 50 represent contraction while those above that level signify expansion. PMI readings are sequential and represent month-on-month expansion or contraction.

South Korea’s Kospi stood little changed while the S&P/ASX 200 jumped 1.14%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.4% higher.

Investors in the region also continued to track any developments surrounding the omicron variant, which the World Health Organization said is likely to spread further and poses a “very high” global risk.

Overnight stateside, the major indexes on Wall Street rose after U.S. President Joe Biden said there’s no need for Covid omicron lockdowns for now. The S&P 500 gained 1.32% to 4,655.27 while the tech-heavy Nasdaq Composite surged 1.88% to 15,782.83. The Dow Jones Industrial Average gained 236.60 points to 35,135.94.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 1.01% to $74.18 per barrel. U.S. crude futures gained 1.1% to $70.72 per barrel.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.196 after rising to around 96.4 recently.

The Japanese yen traded at 113.75 per dollar, weaker than levels below 113.4 seen against the greenback yesterday. The Australian dollar was at $0.7145, still struggling to recover after last week’s drop from above $0.725.

ShareTweetPin

Related Posts

Cathie Wood says rising rates hit her strategy like an earthquake and cyclical stocks are next

by
March 21, 2023
0

Ark Invest's Cathie Wood said rapid interest rate hikes over the past year are now starting to hit cyclical pockets...

Potentially deadly fungus is spreading at an ‘alarming rate,’ CDC says

by
March 21, 2023
0

Candida auris is a yeast responsible for many infections. Resistant to most anti-fungal drugs, this fungus causes several deaths worldwide....

Bitcoin, ether build on recent gains as investors await Fed rate hike decision

by
March 21, 2023
0

Pedestrians walk past an advertisement displaying a Bitcoin cryptocurrency token on February 15, 2022 in Hong Kong, China. Anthony Kwan...

Home sales spike 14.5% in February as the median price drops for the first time in over a decade

by
March 21, 2023
0

Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the...

GameStop stock soars after retailer posts first quarterly profit in two years

by
March 21, 2023
0

In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop store operates in a strip mall on March...

Next Post

Asia-Pacific stocks mixed as omicron Covid variant uncertainty lingers

There's a New Way to Convert Your 401(k) into a Pension-like Stream of Income

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net