Serious traffic jams occurred on the roads in Chaoyang District, Beijing, with many vehicles.
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Asia-Pacific markets advanced in a data-heavy week as investors awaited economic data from several countries including Japan, South Korea and China.
Over the weekend, China released Official Purchasing Managers Index Readings November. The manufacturing PMI came in at 50.3, the highest level since April, beating the 50.2 forecast by economists polled by Reuters. The manufacturing PMI in October was 50.1.
China’s non-manufacturing PMI fell to 50.0 from 50.2 last month, while the composite PMI remained stable at 50.8.
A reading above 50 indicates an expansion in activity, while a reading below 50 indicates a contraction.
On Monday, S&P Global will release manufacturing PMI data for various Asian economies, including China’s Caixin PMI survey.
Australia will release fourth-quarter retail sales data, while Indonesia will release November inflation data later in the day.
Japan’s benchmark Nikkei 225 Index rose 0.33%, while the Topix gained 0.77%.
Korean Cospi The Kosdaq Small Cap Index rose 0.85%, and the Kosdaq Index of Small Caps rose 1.26%.
Australian S&P/ASX 200 Index It opened the day up 0.35%.
Hong Kong Futures Hang Seng Index The Hang Seng Index closed at 19,642 points, opening stronger than the Hang Seng Index’s closing point of 19,423.61 points.
Friday in America, Dow Jones Industrial Average and S&P 500 Index Stocks rallied to new highs amid a shortened trading day and set a record for their best month of 2024.
The S&P 500 rose 0.56%, while Nasdaq Index up 0.83%. The Dow Jones index rose 188.59 points, or 0.42%. The Dow Jones and S&P 500 both hit new intraday and closing highs.
Part of the rally came from chip stocks, which Bloomberg reports Biden administration considering additional barriers to semiconductor equipment sales to China Not that strong As expected. Pan-forest research An increase of more than 3%, while NVIDIA An increase of more than 2%.
—CNBC’s Alex Harring contributed to this report.
