Regional indices advance as Chinese manufacturing reaches 6-month high
- Asian Market
- 6 months ago
China’s manufacturing sector surged according to new data, with the previous month of March reaching a 6-month high of 50.5.
The region indices have been boosted by this news, staring with mainland China as the shanghai composite rose by 2.3% and the Shenzhen composite powering forward by 3%.
The Hang Seng in Hong Kong climbed by 1.5% as shares of Sunny Optical and Galaxy Entertainment rose by 3.3% and 5.9% respectively.
Japan’s Nikkei 225 was higher by 1.9% as Apple’s supplier Japan Display rose by over 10% following news that it is due to receive financing of $1 billion from SoftBank.
In Seoul, the Kospi edged higher by 1.2% as both Samsung and SK Hynix enjoyed gains, while the Aussie ASX 200 gained 0.7%.
The Singapore STI gained over 1.1% and Taipei’s TAIEX traded marginally higher.
Source: Smart Trend Team