Asia-Pacific Stocks Mix; China’s Manufacturing PMI in Focus

On Thursday, Asia-Pacific stocks mixed as investors reacted to the latest China’s manufacturing purchasing managers’ index.

Accordingly, the mainland Chinese stocks climbed, whereas the Shanghai Composite index improved 0.90% or 31.87 points to $3,568.17 per share. 

One of its best performers, Guangdong Jia Yuan Technology Co., skyrocketed 12.07% or 2.37 points to $21.99 per share. 

Also, electric cables manufacturer Baosheng boosted 10.11% or 0.07 points to $0.76 per share. 

Similarly, the Shenzhen Component index soared 1.63% or 229.99 points to $14,309.01 per share. 

Subsequently, Jizhong Energy Resources, a coal company, hiked 10.00% or 0.13 points to $1.40 per share. 

At the same time, tech firm ORG Packaging climbed 10.00% or 0.09 points to $0.99 per share. 

Meanwhile, Hong Kong’s Hang Seng index declined 0.36% or 87.86 points to $24,575.64 per share. 

Then, tech giant Alibaba placed at the bottom as it plunged 4.11% or 0.78 points to $18.26 per share. 

Consequently, Xiaomi Corp. lost 2.95% or 0.08 points to $2.74 per share. 

Moreover, South Korea’s KOSPI moved higher by 0.28% or 8.55 points to $3,068.82 per share. 

In India, the NIFTY 50 index shed 0.53% or 93.15 points to $17,618.15 per share. 

Similarly, Australia’s benchmark S&P/ASX 200 edged up 1.88% or 135.50 points to $7,332.20 per share. 

Elsewhere, New Zealand’s S&P/NZX 50 index improved 1.19% or 155.97 points to $13,275.76 per share. 

China’s manufacturing PMI weakened to 49.60 from the previous number of 50.10. Moreover, it declined from the 50.00 mark, representing a contraction in the sector.

Japanese Stocks Declined as Asia-Pacific Mixed

Furthermore, shares in Japan extended their losses as Asia-Pacific stocks mixed. 

The benchmark Nikkei 225 slashed 0.31% or 91.63 points to $29,452.66 per share, whereas marine transportation businesses slumped.

For instance, Kawasaki Kisen Kaisha lowered 11.63% or $7.15 points to $54.31 per share. 

Then, Mitsui OSK Lines diminished by 10.53% or 7.95 points to $67.53 per share. 

Likewise, Nippon Yusen dwindled 9.53% or 7.95 points to $75.48 per share. 

Same with the broader TOPIX index as it subsided by 0.40% or 8.13 points to $2,030.16 per share. 

Sports equipment company Globeride Inc. sank 14.18% or 5.81 points to $35.15 per share.

In addition, ERI Holdings Co. pared 9.48% or 0.98 points to $9.38 per share. 

Meanwhile, investors perceived Japan’s new Prime Minister Fumio Kishida as a safe pair of hands that could benefit the share prices in the near term. 

Meanwhile, MSCI’s broadest index of Asia-Pacific stocks outside Japan increased 0.22% or 1.38 points to $635.24 per share.

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