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Asian markets are rising and brushing down drowning economic data from China

The Asian stock markets were acquired at the beginning of trading Wednesday when trade tensions were weakened and despite weaker…

The Asian stock markets were acquired at the beginning of trading Wednesday when trade tensions were weakened and despite weaker than expected manufacturing information from China.

Japanese Nikkei

NIK, + 1.79%

increased by 1.5% after some robust earnings reports after Tuesday’s closing clock. Overnight gains in US stocks also contributed to the risk of mood. Investors in Japanese stocks embrace the risk during the current profit period, with Mazda

7261, + 1.42%

up 2% before its earnings report later today. Sony

6758, + 4.35%

increased by 3.7% after reporting that net profit weakened forecasts by SEK 173 billion after closing time yesterday. Honda

7267, + 5.45%

earnings for the second quarter also increased sharply and contributed to increasing their shares today by 5.7%. At the same time, returns were higher across the board in long-term debt in front of Bank of Japan’s monetary policy announcement, which is expected to stand out. The reference market for 10-year JGB return is up half a base by 0.120%. US dollars pulled back to a basket of big currencies under Asian trade, which contributed to regional weaknesses.

China’s stock indices were higher, as there were no negative surprises from the latest financial data. The official PMI production was 50.2 in October compared with consensus 50.6 and 50.8 in the previous month, which marked the lowest reading since July 2016. Production PMI showed similar weakness, at 53.1 against 54.1 in September, the lowest for 14 months. Despite the increased Chinese stocks, with Shanghai Composite

SHCOMP, + 1.13%

up about 1% and the smaller cap Shenzhen Composite

399106, + 1.20%

up 1.3%.

Hong Kong Hang Seng Index

HSI, + 0.60%

also increased about 1%, with Sunny Optical

2382, + 8.95%

and AAC

2018, + 4.65%

increases by 7% and 5%, respectively. Chinese energy stocks were also good with China Shenhua

1088, + 3.84%

and PetroChina

0857, + 3.42%

adding 3.6% and 2.3%, respectively. Among other big shares, Tencent

0700, + 3.09%

was found 2.4%, AIA

1299, + 0.26%

was added 1% and Xiaomi

1810, + 3.77%

increased 4%.

New Zealand S & P / NZX 50

NZ50GR, + 1.20%

was 0.9% higher while Korea’s Kospi

SEU, -0.05%

rose a lean 0.2% like Samsung

005930, -1.30%

was looking forward to posting record quarterly earnings but disappointing phone sales. Australia’s benchmark S & P / ASX 200

XJO, + 0.02%

were substantially flat. Benchmarks in Taiwan

Y9999, + 1.95%

and Singapore

STI, + 0.66%

showed strong profits.

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