Most Asian stocks rise after PMI data

Wednesday, 01. September 2021 05:07

Equities on the Asian markets traded mostly higher on Wednesday after Japan released its manufacturing PMI figure which signaled only a slight improvement in business activity in August. In China, the Caixin China General Manufacturing PMI data for the same month surprised expectations, despite showing the country's manufacturing sector marked a contraction in factory activity.

In mainland China, the ShenzhenComposite went down by 0.73% at 04:27 am CET, as the Shanghai Composite added 0.26%. South Korea's Kospi increased by 0.13% a minute later, with the Australian S&P 200 down by 0.48% at the same time.

At 04:35 am CET, Japan's Nikkei 225 added 1.27%, with Hong Kong's Hang Seng up by 0.46% at 5:05 am CET. The dollar traded 0.17% higher against the yen, going for ¥110.2040 at 05:06 am CET.

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Breaking the News / NL