Monday, September 30, 2024
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Chinese stocks are flying against the grain, and Japan is falling 4 percent

Chinese stocks are flying against the grain, and Japan is falling 4 percent

Official data issued on Monday showed that… China Manufacturing PMI It reached 49.8 this September, an increase from 49.1 last August.

Although this number exceeded expectations indicated by Reuters, which was at the level of 49.5, it indicates a contraction Manufacturing sector in China For the fifth month in a row.

It also reached an indicator Purchasing managers The non-manufacturing sector in China reached 50 during the month of September, down from 50.3 recorded last August.

The Caixin survey also recorded the sector’s fastest decline in 14 months.

And rose Hang Seng Index In Hong Kong, it rose by 1.28 percent following the release of the data.

Retail sales rise in Japan

And in Japanled losses in shares Real estate The Nikkei fell, while department store Isetan Mitsukoshi Holdings was the index’s biggest loser, falling 11 percent.

Retail sales in Japan in August rose 2.8 percent year-on-year, beating a Reuters poll estimate of a 2.3 percent rise, and higher than a revised 2.7 percent rise in July. The broader Topix index saw a smaller loss of 3.13 percent.

And retreat Japanese yen By 0.19 percent against the dollar, to trade at 142.63.



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