Asian markets higher after solid China data

Monday, 02. December 2019 07:30

Asian markets traded with gains on Monday following stronger-than-expected manufacturing data from China. The data revealed China's factory activity grew at its strongest pace in three years. Meanwhile, trade remains in the spotlight as progress between China and the United States seems to be hindered by President Donald Trump's signing of the Hong Kong bill.

The Nikkei 225 closed 1.01% in the green, while Australia's S&P/ASX 200 jumped 0.24% at the end of trading, just below last week's record high.

In South Korea, the Kospi Composite added 0.17% at 7:24 am CET. Over in China, the Shanghai Composite was flat at the time while the Shenzhen Composite was down 0.05%.

Hong Kong's Hang Seng gained 0.37% at 7:25 am CET. At the same time, the dollar advanced 0.17% against the yen, going for ¥109.645.

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