Asian stocks rise on positive economic data

Tuesday, 01. December 2020 03:42

Equities on the Asian markets traded higher on Tuesday after China's manufacturing PMI data showed the country's factory activity in November standing above the estimated number to mark an overall growth in the sector. In Japan, the Jibun Bank Manufacturing PMI surprised expectations despite the figure remaining below the neutral 50, signaling a contraction in business activity.

Japan's Nikkei 225 went up by 1.48% at 03:30 am CET, with the Australian S&P 200, increasing 1.36% a minute later. In mainland China, the Shanghai Composite increased by 0.53% at 03:38 am CET, as the Shenzhen Composite added 0.89%. At 03:41 am CET, South Korea's Kospi added 0.83%, with Hong Kong's Hang Seng rising by 0.63% at the same time.

The dollar traded 0.07% lower against the yen, going for ¥104.3240 at 03:42 am CET.

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Breaking the News / NL