Arab Today, arab today asia markets close mixed manufacturing lifts china
Last Updated : GMT 15:22:49
Arab Today, arab today
Arab Today, arab today

Asia markets close mixed; manufacturing lifts China

Arab Today, arab today

Arab Today, arab today Asia markets close mixed; manufacturing lifts China

Tokyo - Arabstoday

Asian stock markets were mixed yesterday, with stronger Chinese manufacturing data providing support as Tokyo’s rise was stunted by a huge slump in electronics giant Panasonic. Wall Street’s lead was tepid in a quiet first session after superstorm Sandy had forced the market to close for two days. Hong Kong gained 0.83%, or 180.05 points, to 21,821.87, while Shanghai surged 1.72%, or 35.55 points, to 2,104.43. Tokyo closed 0.21% higher, gaining 18.58 points to 8,946.87. But Seoul eased 0.71%, or 13.62 points, to 1,898.44 and Sydney dropped 1.32%, or 59.4 points, to 4,457.6. In other markets; Taipei closed 0.19%, or 13.59 points, higher at 7,179.64; Wellington fell 0.66%, or 25.99 points, to 3,931.88; Bangkok fell 0.07%, or 0.88 points, to 1,297.99; Singapore closed down 0.39%, or 11.76 points to 3,026.61; Kuala Lumpur gained 0.16%, or 2.62 points, to 1,675.69; while, Jakarta fell 0.34%, or 14.93 points, to 4,335.36; Mumbai rose 0.30%, or 56.32 points, to 18,561.7. Data showed China’s manufacturing activity expanded in October for the first time in three months, adding to renewed optimism that the world’s number two economy is beginning to awake from its recent slumber. The purchasing managers’ index (PMI) stood at 50.2 last month, better than 49.8 in September, according to official figures. A PMI reading above 50 indicates expansion while anything below points to contraction. Separately, a survey by HSBC came in at 49.5 in October—from 47.9 in September—which, although still in contraction, represents another rise. The official PMI had contracted in August and September because of a broader slump in the economy caused by weak demand in Europe and the US. The official number is “showing that the economy is on the way to a moderate recovery”, said Grace Ng, senior China economist at JPMorgan. She told Dow Jones Newswires it is “reinforcing the message that the economy has bottomed out”. On Tokyo’s Nikkei, shares were weighed down by Panasonic, which dived almost 20% a day after it said it expected to post a loss of $9.6bn in the fiscal year to March. The firm blamed the horrific estimate—a sharp reversal from its previous vow to return to the black by March—on restructuring costs and writedowns. In Europe, Greece unveiled a tough new austerity budget as the European Union said there was still work to be done before the recession-hit country could access loan funds needed to stave off bankruptcy. And data showed unemployment in the 17-nation eurozone hit a record high of 11.6% in September.

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 asia markets close mixed manufacturing lifts china Arab Today, arab today asia markets close mixed manufacturing lifts china

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
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 Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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