Arab Today, arab today asian markets mixed china data offset by us worries
Last Updated : GMT 05:56:37
Arab Today, arab today
Arab Today, arab today

Asian markets mixed China data offset by US worries

Arab Today, arab today

Arab Today, arab today Asian markets mixed China data offset by US worries

Hong Kong - AFP

Asian markets were mixed on Monday, after data showing Chinese manufacturing activity had picked up pace in November were tempered by concerns over US talks to avert the fiscal cliff. Tokyo\'s benchmark Nikkei index closed 0.13 percent, or 12.17 points, higher at 9,458.18,  while the broader Topix index of all first-section shares was flat, adding 0.03 percent, or 0.27 points, to 781.73. Nissan Motor rose 1.00 percent 807 yen, Canon was up 2.7 percent to 2,961 yen, while Sony slipped 0.49 percent to 797 yen and Toyota lost 0.57 percent to 3,515 yen. Uniqlo cheap chic clothing operator Fast Retailing added 1.55 percent to 19,010 yen after saying Friday it would acquire an 80.1 percent stake in US apparel maker J Brand Holdings LLC for about $300 million. The Seoul index ended up 0.37 percent, or 7.12 points, to 1,940.02 and Sydney gained 0.57 percent, or 25.5 points, to 4,531.5. However, Hong Kong tumbled 1.19 percent, or 262.54 points, to 21,767.85, while Shanghai closed down 1.03 percent, or 20.35 points, at 1,959.77. Beijing said Saturday that factory activity grew for the second month in a row in November, the latest figures showing the world\'s number two economy is emerging from its recent slowdown. The country\'s official purchasing managers\' index (PMI) reached 50.6, up from 50.2 in October and 49.8 in September and the highest since hitting 53.3 in April. Anything above 50 indicates expansion. In a separate survey, HSBC said its PMI hit a 13-month high of 50.5 in November from 49.5 in October. The bank\'s PMI had been in negative territory for 12 months. Chinese manufacturing has been hit by weaker demand in Europe and the United States, with economic growth hitting a more than three-year low of 7.4 percent in the July-September quarter. A more upbeat outlook for China filtered through to currency markets, where the euro continued its recent rise. The single currency gained to $1.3035 and 107.29 yen in late afternoon trade, from $1.2982 and 107.07 yen in New York late Friday. The dollar eased to 82.30 yen from 82.48 yen in US trade. The yen has weakened over the past few weeks as investors expect a win in December 16 polls for Shinzo Abe, the opposition leader who has pledged to carry out more aggressive monetary easing measures to jumpstart Japan\'s limp economy. However, there are worries over the lack of progress US lawmakers are making in agreeing a deal to avoid the fiscal cliff of tax hikes and spending cuts due to come into effect on January 1 and which could tip the economy into recession. Republican House Speaker John Boehner told the Fox News Sunday TV show that talks were going \"nowhere\". He said he was \"flabbergasted\" when Treasury Secretary Timothy Geithner, President Barack Obama\'s point man for the talks, presented the White House\'s proposal, which included huge tax increases for the rich. \"I looked (at) him and said, \'You can\'t be serious,\'\" Boehner recounted, saying three of the seven weeks available had \"been wasted with this nonsense\". \"Right now, I would say -- we\'re nowhere, period. We\'re nowhere\" towards reaching a compromise. Oil prices were higher. New York\'s main contract, light sweet crude for delivery in January, gained 10 cents to $89.01 a barrel and Brent North Sea crude for January delivery added 19 cents to $111.42. Gold was at $1,718.77 at 0810 GMT compared with $1,728.37 late Friday. In other markets -- Taipei rose 0.26 percent, or 19.74 points, to 7,599.91. Hon Hai Precision gained 1.61 percent to Tw$94.7 while Taiwan Semiconductor Manufacturing Co was 0.81 percent down at Tw$97.9. -- Manila rose 0.57 percent, or 32.25 points, to 5,672.70. -- Wellington was flat, falling 1.00 point to 4,049.09. Broadband provider Chorus slumped 14.4 percent to NZ$2.91 after regulators flagged a cut to wholesale pricing, while Telecom was up 0.43 percent at NZ$2.32.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian markets mixed china data offset by us worries Arab Today, arab today asian markets mixed china data offset by us worries

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 05:14 2017 Monday ,27 February

New Saudi stock market opens with gains of 20%

GMT 15:57 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 15:41 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 14:44 2017 Sunday ,26 February

Muscat shares fall on local selling

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday