Current:Home > reviewsStock market today: Asian shares are mixed and Shanghai gains on strong China factory data -AssetTrainer
Stock market today: Asian shares are mixed and Shanghai gains on strong China factory data
View
Date:2025-04-15 20:28:45
BANGKOK (AP) — Asian shares were mixed on Monday, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.
Sydney and Hong Kong were closed for the Easter Monday holiday.
Tokyo’s Nikkei 225 fell more than 1.2%, to 39,883.96, after a Bank of Japan quarterly survey on business conditions showed sentiment among large manufacturers, which include auto and electronics giants, declined in March for the first time in a year.
The Shanghai Composite index gained 1% to 3,072.29.
China’s National Bureau of Statistics released survey data on Sunday that showed the country’s official manufacturing PMI, or purchasing managers index, coming in at 50.8 in March, its strongest reading since March 2023.
A similar but separate survey, the Caixin/S&P Global China manufacturing purchasing managers’ index was 51.1 in March — its strongest since February 2023. It was at 50.9 in February.
“Chinese manufacturers increased production, while also raising their purchasing levels amid improved optimism,” the report said.
“A slew of policies introduced earlier this year to stabilize growth are gradually having an effect,” Wang Zhe, senior economist at Caixin Insight Group, said in a statement.
China’s target for “about 5%” economic growth is “ambitious,” he said. Given pressures that are constraining employment and keeping prices low, efforts will be needed to make growth more efficient and improve its quality, he added.
Elsewhere in Asia, South Korea’s Kospi edged 0.2% higher, to 2,750.64 and the Sensex in India was up 0.7%. In Bangkok, the SET edged 0.1% higher.
Markets in the U.S. and Europe were closed on Friday. On Thursday, Wall Street coasted to its latest winning month and quarter by rising to more records. The S&P 500 rose 0.1%, adding to its all-time high set the day before.
The Dow Jones Industrial Average ticked up 0.1% to 39,807.37 and likewise set a record. The Nasdaq composite dipped 0.1% to 16,379.46.
In other trading, the U.S. dollar rose to 151.40 Japanese yen from 151.29 yen. The euro edged lower, to $1.0784 from $1.0794.
The U.S. stock market has been on a nearly unstoppable run since late October, and the S&P 500 just capped its fifth straight winning month. It has leaped as the U.S. economy has remained remarkably solid despite high interest rates meant to get inflation under control.
And with inflation hopefully still cooling from its peak, the Federal Reserve has indicated it will likely cut interest rates several times later this year.
In other trading, U.S. benchmark crude oil gained 26 cents to $83.43 per barrel in electronic trading on the New York Mercantile Exchange. It was up $1.82 per barrel on Thursday, before markets closed for Good Friday and Easter.
Brent crude, the international standard, added 25 cents to $87.25 per barrel. On Thursday, it surged $1.59 to $87.00 per barrel.
veryGood! (5534)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- SUV hits 6 migrant workers in N.C. Walmart parking lot, apparently on purpose, then flees, police say
- 4 dead, 2 injured in separate aircraft accidents in Wisconsin, authorities say
- Here's Your First Look at Vanderpump Rules Star Tom Sandoval's New Reality TV Gig
- All That You Wanted to Know About She’s All That
- Hi, Barbie! Margot Robbie's 'Barbie' tops box office for second week with $93 million
- Brazil denies U.S. extradition request for alleged Russian spy Sergey Cherkasov
- Appellate court rules that Missouri man with schizophrenia can be executed after all
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- NASA reports unplanned 'communications pause' with historic Voyager 2 probe carrying 'golden record'
Ranking
- Meet first time Grammy nominee Charley Crockett
- Philadelphia Eagles unveil kelly green alternate uniforms, helmets
- Magnus White, 17-year-old American cyclist, killed while training for upcoming world championships
- Texas QB Arch Manning sets auction record with signed trading card sold for $102,500
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Tyler Childers' new video 'In Your Love' hailed for showing gay love in rural America
- S.C. nurse who fatally poisoned husband with eye drops: I just wanted him to suffer
- Ohio man convicted of abuse of corpse and evidence tampering 13 years after Kentucky teenager Paige Johnson disappeared
Recommendation
'We're reborn!' Gazans express joy at returning home to north
17-year-old American cyclist killed while training for mountain bike world championships
Damar Hamlin puts aside fear and practices in pads for the first time since cardiac arrest
DeSantis faces rugged comeback against Trump, increased AI surveillance: 5 Things podcast
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Turn Your Favorite Pet Photos Into a Pawfect Portrait for Just $20
Native American tribes in Oklahoma will keep tobacco deals, as lawmakers override governor’s veto
Jonathan Taylor refutes reports that he suffered back injury away from Indianapolis Colts