Aerial view of vehicles driving on the road in the central business district of Beijing, China, on October 5, 2020.
Zhang Qiao|Visual China Group|Getty Images
Mainland China’s stock market surged more than 4% on Monday after China released important economic data, while Japanese stocks Nikkei 225 Index A drop of more than 4%.
China announced its official Purchasing Managers Index for September, which was 49.8. While that beat the 49.5 expected by economists polled by Reuters, it marked the fifth consecutive month of contraction in China’s manufacturing sector.
However, the Caixin PMI survey compiled by S&P Global showed that the manufacturing PMI fell to 49.3 from 50.4 in September, lower than the 50.5 expected by a Reuters poll.
The Caixin survey also marked the industry’s fastest decline in 14 months.
Hong Kong Hang Seng Index It rose 1.28% after the release.
In addition, in Japan, the decline in the Nikkei Index was mainly driven by the decline in real estate stocks, and the largest decline in the index was department store holding companies Isetan Mitsukoshi Holdingsdown 11%.
Japanese August retail sales Year-on-year growth of 2.8% exceeded the 2.3% forecast in a Reuters poll and was higher than the revised 2.7% in July. The broad-based Topix index fell less, at 3.13%.
this yen It fell 0.19% against the US dollar and was trading at 142.63.
The move in Japanese markets comes as investors digest Ishiba’s victory in last Friday’s Liberal Democratic Party election. He will succeed Fumio Kishida as Prime Minister of Japan.
Australian S&P/ASX 200 Index It rose 0.8% and exceeded the all-time high of 8,246.2.
Korean Cospi The Kosdaq fell 1.17%, with small-cap stocks down 0.96%.
Overnight in America, Dow Jones Industrial Average It rose to fresh highs on Friday as traders assessed new data showing more progress in controlling inflation.
The Dow Jones Industrial Average rose 0.33% to close at 42,313.00 points. this S&P 500 Index fell 0.13%, while Nasdaq Index down 0.39%.
It came as traders assessed encouraging August inflation data, in which the personal consumption expenditures price index, the Fed’s favored inflation measure, increased 0.1%, in line with expectations of economists polled by Dow Jones. consistent.
PCE climbs The annualized growth rate was 2.2%, lower than the forecast of 2.3%.
—CNBC’s Brian Evans and Pia Singh contributed to this report.
