(MENAFN– ecpulse)
Amid thinner-than-usual volumes, with Japanese markets being shut for a public holiday, Asian stocks were mixed as the bigger-than-expected jump in China’s manufacturing PMI lifted sentiment in some markets.
- The MSCI Asia Pacific excluding Japan Index rose less than 0.1% to 469.44 as of 13:15 in Hong Kong.
In Hong Kong, the morning trading was cancelled and transportation was shut down due to Typhoon Usagi. The storm made landfall in southern China, forcing hundreds of flights to be canceled and left travelers stranded.
- Hong Kong’s Hang Seng closed 0.56% lower at 23371.54
The preliminary HSBC Purchasing Managers’ Index for September rose to 51.2, beating estimates of 50.9, as Chinese factory output expanded for a second month in September. This outcome was due to strong domestic and foreign demand.
- China’s CSI 300 Index closed 1.64% higher at 2472.29
Australia`s benchmark index trimmed steep opening losses after China’s upbeat PMI figures. Gold miners were the index`s worst-performers after the precious metal steadied on Monday following its 3% drop on Friday.
- The S&P/ASX 200 closed 0.46% lower at 5252.46
- New Zealand’s NZX 50 closed 0.61% lower at 4701.37
In South Korea the benchmark index closed below session highs as it resumed trade after being shut since last Wednesday for public holidays, while in India the benchmark index extended sharp losses after the Reserve Bank of India raised interest rates on Friday.
- Kospi closed 0.19% higher at 2009.41
- S&P BSE SENSEX 30 fell 1.61% to 19936.57
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