Home Markets Hang Seng jumps, Caixin PMI below 50, RBA raises rates

Hang Seng jumps, Caixin PMI below 50, RBA raises rates

by admin
0 comment

The Sydney ferry passes the Opera House and central business district skyline on May 12, 2020 in Sydney, Australia.

James D. Morgan | Getty Images

Hong Kong stocks led the gains in the Asia-Pacific session after ending October down more than 14%, hovering near their lowest level since April 2009.

of Hang Seng Index Hong Kong rose nearly 6% in the last hour of trading, with Hang Seng Tech up 8.6%.Mainland China Shanghai general rose 2.62% to 2,969.20, shenzhen components China’s Caixin manufacturing PMI rose about 3.24% to 10,734.25 after slightly better than expected at 49.2.

Reserve Bank of Australia raised interest rates by 25 basis points Twice in a row and as expected.of S&P/ASX 200 It rose 1.65% to 6,976.90.

of Nikkei 225 Japanese stocks rose 0.33% to 27,678.92, while Topix rose 0.47% to 1,938.50. South Korea’s Kospi also rose 1.81% to 2,335.22. His MCSI’s widest index of Asia-Pacific stocks outside of Japan was 2.74% higher.

Overnight in the United States, Stocks soakedbut the Dow Best month since 1976 All major averages ended the month in positive territory after two months of losses.

Federal Reserve starts stateside Tuesday as traders widely anticipate hiking Rates this week are 75 basis points.

You may also like

Copyright ©️ All rights reserved. | Investors Radar