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Australia market nears all-time high, China stocks fall amid factory activity slump - TL;DR CNBC

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.KS11ASML-NLAUD=.AXJONDAQ.N225.SPX@LCO.1.DXY.SZI@CL.1.DJI.HSIJPY=

Keywords: usd/jpys&p/asx 200nasdaq incpricesnikkei 225 indexeconomic eventsshanghaibreaking news: marketsdxy us dollar currency indexhang seng indexs&p 500 indexmarketsaustraliadow jones industrial averageworld marketskospi indexwti crude (mar'23)shenzhen component indexaustralian dollar/us dollar fx spot rateasia economyice brent crude (apr'23)breaking news: asiabusiness news

Source: https://www.cnbc.com/2024/01/02/asia-markets.html


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