Japanese shares jumped after China's PMI data

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Source: Dukascopy Bank SA
Japanese equities advanced on Thursday on positive manufacturing data from China. China's PMI attained three-month high of 50.2 in October, suggesting that the country's manufacturing activity swung from contraction to expansion. Meanwhile, investors remained cautious ahead of key US data releases due later in the day. The Nikkei 225 Index jumped 0.21% to close at 8,946.87. Six out of ten sectors within the index rose. The top-gainers were telecommunications and health care sectors. Softbank rallied 3.60% while Astellas Pharma climbed 4.41%. Meanwhile, Nippon Meat Packers surged 12.53% after unveiling its plan to buy back about USD188 billion in shares. Mazda Motor jumped 10.53% as the company lowered its earnings forecast less than expected. At the same time, Sharp tumbled 1.74% on speculation that the TV maker may revise down its full-year net loss forecast. Panasonic was the top-loser after announcing a loss estimate 30 times larger than market consensus.


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Thu, 01 Nov 2012 17:36:04 GMT

Hong Kong stocks moved higher on upbeat PMI reading

Hong Kong shares inched up on Thursday on positive China's PMI reading. China's PMI showed expansion in October, spurring hopes that the world's second-largest economy is stabilizing. Market sentiment was further boosted by record liquidity injection by the POBC at the end of the month. The Hang Seng Index added 0.83% to close at 21,821.87. Eight out of nine sectors

Fri, 02 Nov 2012 09:39:49 GMT

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