Business

Asian markets close Monday with mixed figures

Tokyo’s Nikkei 225 stock exchange day’s best performer with 2.61% spike

Stock markets in Asia ended Monday with mixed figures after purchasing managers’ index (PMI) data was released by China and Japan.

The Asia Dow, which includes blue-chip companies in the region, was up by 23.7 points, or 0.61%, to close at nearly 3,909 points.

Tokyo’s Nikkei 225 stock exchange jumped 754.4 points, or 2.61%, to 29,647.

Japan’s manufacturing sector posted a stronger improvement in operating conditions in October, with the manufacturing PMI rising from 51.5 in September to 53.2, according to the London-based IHS Markit.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange,dropped by 222.9 points, or 0.88%, to 25,154.

After the country’s manufacturing data for October was announced, China’s Shanghai stock exchange fell 2.9 points, or 0.08%, to 3,544 points.

Spurred by recovery in demand, the Caixin China General Manufacturing PMI climbed to 50.6 in October.

China’s production fell for the third month in a row due to power supply issues, shortages of materials, and rising costs.

The Indian Sensex benchmark climbed 857.14 points, or 1.45%, to 60,164, while the Singapore index was up 21.2 points, or 0.66%, to 3,219.​​​​​​​

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