Asian stocks sublimated after the PMI index rose to record highs


Asian stocks sublimated after the Chinese PMI index rose to record

Asia-Pacific stocks rose in the morning session of December 1 when investors responded positively to the results of a private survey on China’s manufacturing sector.

Korea Sac Stocks maintained the green color in the morning session on December 1. Documentary photo: AFP

The results of a private survey published this morning on December 1 showed that the China Manufacturing Purchasing Managers’ Index (PMI) (PMI) in November reached 54.9, the highest level in the decade. by. The PMI index above 50 is a sign that the sector / sector under study is growing.

Previously, the National Bureau of Statistics of China on November 30 announced the official PMI index in the manufacturing sector of this country in November reached 52.1 points, the highest level in more than 3 years.

Mainland Chinese stocks this morning continued to rise yesterday. The Shanghai Composite Index edged up 0.28% while the Shenzhen Component Index rose 0.604%. On the Hong Kong market, the Hang Seng Index climbed to 0.36%.

In Japan, the Nikkei 225 increased by 1.38% while the Topix index edged up 0.82%. Green also maintained on the Korean market this morning with the Kospi index up 1.11%.

Meanwhile, Australian stocks rose the most among the major stock markets of the region with the S & P / ASX 200 index up 1.34%. Overall, the MSCI Asia-Pacific Index (excluding Japan) rose 0.65%.

Wall Street Securities closed “red floor” last night. The Dow Jones industrial average lost 271.73 points to 29,638.64, while the S&P 500 slipped 0.5% and ended the session with 3,621.63 points, while the Nasdaq Composite closed down 0.1. % to 12,198.74 points.

Money market this morning witnessed the greenback appreciation. The US dollar index against other major currencies rose to 91,892, from 91.6 established earlier. The Japanese Yen continued to weaken and converted 104.34 JPY / USD, compared to below 104 JPY for 1 USD previously set.

On the eve of the Central Bank of Australia announced the interest rate decision, the Australian dollar depreciated and changed hands 1 AUD / 0.7357 USD, compared with 1 AUD / 0.74 USD set yesterday 30/11.

Design by NewsLax