Asian stock markets mixed at Tuesday’s close

by Anadolu Agency

ANKARA

Major Asian stock markets closed Tuesday with gains amid speculations that Chinese authorities are preparing to gradually ease COVID restrictions.

The Asia Dow, which includes blue-chip companies in the region, rose 2.82%, or 79.33 points, to 2,893.06 on Tuesday.

Tokyo’s Nikkei 225 stock exchange rose 0.33%, or 91.46 points, to 27,678.

The au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) fell to a 21-month low of 50.7 in October, signaling a weak overall improvement in the health of the manufacturing sector

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, posted the best performance of the day, surging 5.23% or 768.25 points to 15,544.27.

Retail sales in Hong Kong decreased for the second straight month, down 1.5% year-on-year in September, following a marginally revised 3% decrease in August.

China’s Shanghai Stock Exchange gained 2.62%, or 75.72 points, to reach 2,996.20.

Activity in the Chinese manufacturing sector narrowed for the third month in a row as COVID-19 containment measures weighed on both output and demand, a business survey revealed on Tuesday.

The Caixin China General Manufacturing PMI rose to 49.2 in October from September’s 4-month low of 48.1, according to S&P global.

The Indian Sensex benchmark went up 0.61%, or 369.67 points, to end the day at 61,116.26 points, while the Singapore index climbed 1.21%, or 37.39 points, to close at 3,130.50.

The S&P Global India Manufacturing PMI on Tuesday rose above market estimate, hitting 55.3 in October, up from 55.1 in September.

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