Asia-Pacific markets mostly climbed Monday, after Wall Street saw all three U.S. major indexes climb Friday stateside.
Markets in Japan were closed for holiday
In Hong Kong, the Hang Seng regained 251.71 points, or 1%, to 26,158.36.
Australia’s central bank starts its two-day monetary policy meeting today, with economists expecting a hold from the Reserve Bank of Australia after inflation readings came in hotter than expected for the third quarter.
CHINA
The CSI 300 in Shanghai gained 12.73 points, or 0.3%, to 4,653.40
Investors in Asia are assessing manufacturing activity figures out from China after RatingDog published its purchasing managers index for October.
China’s manufacturing activity slowed to 50.6, missing the 50.9 expected by economists polled by Reuters and lower than September’s 51.2.
The official PMI numbers released Friday by the National Bureau of Statistics showed that China’s manufacturing activity in October shrunk to
its lowest level in six months, coming in at 49.0.
In other markets
In Korea, the Kospi hiked 144.37 points, or 2.8%, to 4,221.87
In Singapore, the Straits Times Index surged 15.71 points, or 0.4%, to 4,444.33
In Taiwan, the Taiex recovered 101.24 points, or 0.4%, to 28,33.59.
In Australia, the ASX 200 resurfaced 12.94 points, or 0.2%, to 8,894.80.
In New Zealand, the NZX 50 gained 7.98 points, or 0.1%, to 13,556.30.
