Asia trades mostly higher on upbeat China data

Friday, 01. November 2019 07:35

Markets in Asia traded mostly higher on Friday as investors digested better-than-expected manufacturing data from China, as well as disappointing employment figures from Japan. According to a private survey, the growth in China's manufacturing sector accelerated at the fastest pace in over two and a half years. Meanwhile, Japan's unemployment rate rose for the first time in four months.

Hong Kong's Hang Seng rose 0.61% at 7:30 am CET. In mainland China, the Shanghai Composite jumped 0.94% at 7:29 am CET and the Shenzhen Composite rallied 1.16% at 7:16 am CET.

In Korea, the Kospi climbed 0.80% at 7:31 am CET. Australia's S&P/ASX 200 closed 0.08% higher.

Meanwhile, the Japanese Nikkei 225 was the only index that declined as it ended the session 0.33% lower. The dollar dipped 0.05% against the yen to sell for 107.9760 at 7:33 am CET.

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Breaking the News / NP