February 26, 2024

Brighton Journal

Complete News World

Live updates, Japan earthquake, China Caixin PMI

Live updates, Japan earthquake, China Caixin PMI

Hong Kong Stock Exchange signs in Hong Kong. The Hong Kong Stock Exchange has added a new scheme that will connect the capital markets of Hong Kong and the mainland.

Vernon Yuen | norphoto | Getty Images

Asia-Pacific markets were mixed on the first trading day of the year, with Chinese stocks lower at the open after official data over the weekend highlighted a deep contraction in the manufacturing sector.

Official data China Manufacturing PMI showed The economy contracted further in December 2023, a sign that more political support will likely be needed to revive its economy.

China's CSI 300 index opened 0.64% lower on Tuesday, while Hong Kong's index opened 0.64% lower on Tuesday. Hang Seng Index Precipitation 0.58%. Both markets were among the worst performers in 2023.

Japan was assessing damage caused by a strong earthquake that struck its central region on New Year's Day. Markets in the region are closed until January 4th.

About 100,000 people were ordered to evacuate, and at least eight people were reported killed by the quake, which had an initial magnitude of 7.6. Japan Nikki 225 It concluded 2023 with gains of more than 28%, making it the best-performing market in Asia.

The Asia-Pacific region will see private factory activity surveys from S&P Global for China, Australia and South Korea, as well as Q4 GDP readings from Singapore.

Australia Standard & Poor's/ASX 200 It rose 0.4%, recording its highest level in two years.

South Korea Cosby The Kosdaq rose 0.1%, while the small-cap Kosdaq rose 0.56%.