{"id":41572,"date":"2013-09-02T07:07:47","date_gmt":"2013-09-02T11:07:47","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=41572"},"modified":"2013-09-02T07:07:47","modified_gmt":"2013-09-02T11:07:47","slug":"asian-shares-mostly-in-green-on-china-pmi-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/09\/02\/asian-shares-mostly-in-green-on-china-pmi-data\/","title":{"rendered":"Asian Shares Mostly In Green On China PMI Data"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Most major Asian shares started the week higher which was driven by the massive above-forecasted Chinese manufacturing PMI, showing that the global economy recovery will increase its pace. While Japan\u2019s benchmark Nikkei index was assisted by the predictions that Japan is expected to host the Olympics along with the weaker yen.<\/p>\n

Asian Shares – Japan<\/span><\/h2>\n

Japan\u2019s benchmark Nikkei 225 began the trading week in gains, climbing 1.4% to 13,576.00 points.<\/span> The index recovered from its Friday\u2019s losses, while investors predict the Japan\u2019s capital may host 2020 Summer Olympics as it would also boost the contraction and real estate sectors. Tokyo is competing with Madrid and Istanbul to host the 2020 Summer Olympics, the final decision is expected to be announced on September 7.<\/p>\n

Tokyo\u2019s leading real-estate developer Mitsui Fudosan gained 2.7%, Sekisui House surged 2.35% while Daiwa House Industry advanced 1.36% were among the firms that advanced.<\/p>\n

The Japanese yen weakened against the US dollar and traded 0.48% lower at \u00a598.57 at the time of writing, increasing the country\u2019s exporters.<\/p>\n

Some of the exporters that were assisted by the weaker yen were the world\u2019s largest automaker Toyota Motors advanced 11%, Sony gained 0.3 and Mitsubuschi Electric rose 3.6%.<\/p>\n

Japan\u2019s Ministry of Finance announced that the country\u2019s second-quarter capital spending reached the verge between contraction and expansion territory after posting a first-quarter contraction of 3.9%.<\/p>\n

Kajima Corporation was the index that advanced the most, edging up 5.7%, while Tokyo Electric Power Company declined 6%.<\/p>\n

Tokyo\u2019s broader Topix index rose 1.12% to 1,118.48 points.<\/p>\n

Asian Shares \u2013 China\u2019s PMI<\/span><\/h2>\n

The trading session in China was mixed as Hong Kong\u2019s Hang Seng rose 1.81% to 22,125.00 points, while the country\u2019s benchmark Shanghai Composite declined 0.16% to 2,101.67 points.<\/p>\n

China\u2019s official data showed that the manufacturing Purchasing Manager\u2019s Index (PMI) expanded, advancing from previous reading of 50.3 in July to 51.0 in August.<\/p>\n

According to a survey taken by HSBC, the survey showed that August\u2019s figures remained above the 50-point level.<\/p>\n

With the better-than-expected PMI data revealed, the banks are expecting a boost in world\u2019s second largest economy.<\/p>\n

 <\/p>\n

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\u00a0<\/i><\/strong><\/p>\n

The post Asian Shares Mostly In Green On China PMI Data<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Most major Asian shares started the week higher which was driven by the massive above-forecasted Chinese manufacturing PMI, showing that the global economy recovery will increase its pace. While Japan\u2019s benchmark Nikkei index was assisted by the predictions that Japan is expected to host the Olympics along with the weaker … <\/p>\n

Continue reading “Asian Shares Mostly In Green On China PMI Data”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41572","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=41572"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41572\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=41572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=41572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=41572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}