Australia market nears all-time high, China stocks fall amid factory activity slump
Publishing timestamp: 2024-01-02 02:45:51
Summary
The article discusses the mixed performance of Asia-Pacific markets on the first trading day of the year. China stocks fell while Australia shares came close to their all-time high. China's manufacturing PMI contracted further, indicating the need for more policy support. However, a Caixin survey showed that manufacturing activity in China expanded in December. The article also mentions the impact of a powerful earthquake in Japan, the performance of other markets in the region, U.S. stock futures, Indonesia's inflation rate and manufacturing sector, the partial revocation of ASML's export license to China, and the contrasting manufacturing surveys in China. It also briefly mentions Singapore's economic growth and Goldman Sachs' positive outlook on European Big Oil stocks.
Sentiment: MIXED
Tickers: .SSEC, .KS11, ASML-NL, AUD=, .AXJO, NDAQ, .N225, .SPX, @LCO.1, .DXY, .SZI, @CL.1, .DJI, .HSI, JPY=,
Keywords: usd/jpy, s&p/asx 200, nasdaq inc, prices, nikkei 225 index, economic events, shanghai, breaking news: markets, dxy us dollar currency index, hang seng index, s&p 500 index, markets, australia, dow jones industrial average, world markets, kospi index, wti crude (mar'23), shenzhen component index, australian dollar/us dollar fx spot rate, asia economy, ice brent crude (apr'23), breaking news: asia, business news,
Source: https://www.cnbc.com/2024/01/02/asia-markets.html