Asian markets made cautious gains on Monday after a long holiday weekend, after Wall Street finished last week on a positive note, but with mixed news on the China economic front.
Hong Kong stocks opened up 0.14 per cent, Seoul tracked up 0.38 per cent and Shanghai made marginal gains at the opening bell following official data last week that showed China's manufacturing activity expanded modestly in April.
Sydney was 0.11 per cent weaker as the Australian dollar slipped on expectations of another interest rate cut to combat a recent surge in the unit.
Tokyo was closed for a public holiday, along with financial markets in Thailand and Malaysia.
But Asian bourses took their lead from a rally on US markets on Friday which reversed a bruising two-day retreat following a dismal US economic growth report.
However, China stocks gyrated after an HSBC survey showed manufacturing activity recorded its worst contraction in a year in April, as subdued domestic demand weighed on growth in the world's second-largest economy.
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Hong Kong stocks opened up 0.14 per cent, Seoul tracked up 0.38 per cent and Shanghai made marginal gains at the opening bell following official data last week that showed China's manufacturing activity expanded modestly in April.
Sydney was 0.11 per cent weaker as the Australian dollar slipped on expectations of another interest rate cut to combat a recent surge in the unit.
Tokyo was closed for a public holiday, along with financial markets in Thailand and Malaysia.
But Asian bourses took their lead from a rally on US markets on Friday which reversed a bruising two-day retreat following a dismal US economic growth report.
However, China stocks gyrated after an HSBC survey showed manufacturing activity recorded its worst contraction in a year in April, as subdued domestic demand weighed on growth in the world's second-largest economy.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg





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