This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-29875382
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Asian markets mixed after Friday's highs | Asian markets mixed after Friday's highs |
(about 1 hour later) | |
Asian shares opened mixed on Monday with lower trade volume following a rally in the US, where Wall Street rose to record highs on Friday. | Asian shares opened mixed on Monday with lower trade volume following a rally in the US, where Wall Street rose to record highs on Friday. |
The Dow Jones Industrial Average rose 1% to close at a record 17,390.52, while the S&P 500 also ended at an all-time high to reach 2,018.05. | The Dow Jones Industrial Average rose 1% to close at a record 17,390.52, while the S&P 500 also ended at an all-time high to reach 2,018.05. |
Strong US company earnings and the Bank of Japan's surprise move to add more stimulus measures boosted shares. | Strong US company earnings and the Bank of Japan's surprise move to add more stimulus measures boosted shares. |
Japanese markets are closed for a public holiday on Monday. | Japanese markets are closed for a public holiday on Monday. |
In Greater China, Hong Kong shares opened higher despite data showing that China's services sector grew at its slowest pace in nine months in October. | |
The Hang Seng index was up 0.2% at 24,058.91 points. | |
The non-manufacturing Purchasing Managers' Index (PMI) fell to 53.8 in October from 54 in September due in part to a cooling property market that weighed on demand. A reading above 50 indicates growth. | |
Monday's data comes after a weekend release that showed manufacturing slowed in the world's second largest economy, adding to evidence of a slowdown. | |
The manufacturing PMI fell to a lower-than-expected 50.8, from 51.1 in the previous month. | |
On the mainland, investors also shrugged the news with the Shanghai Composite up 0.2% at 2,424.70. | |
In South Korea, the benchmark Kospi index was down 0.6% at 1,952.38 points after data over the weekend showed that imports in October fell the most in 13 months on softer demand for raw materials and goods. | |
Imports fell 3% while exports rose slightly higher than expected in October at 2.5%. | Imports fell 3% while exports rose slightly higher than expected in October at 2.5%. |
Australian shares were down 0.2% at 5,516.20 with shares in the country's second biggest bank, Westpac, down 0.4% even after it posted a fifth consecutive year of record profit. | |
The banking giant saw a 12% jump in full-year net profit to $7.56bn Australian dollars ($6.60bn; £4.1bn) on growing loans and customer deposits. | The banking giant saw a 12% jump in full-year net profit to $7.56bn Australian dollars ($6.60bn; £4.1bn) on growing loans and customer deposits. |