Markets

Asian Stocks Close Mostly Higher as Chinese Data Shows Slight Improvement

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Stocks in Asia closed mostly higher on Thursday, following a strong overnight lead from Wall Street and propped up by signs of improvement in China's manufacturing sector.

China's official purchasing managers index rose to 49.8 in September, up from 49.7 in August. While still below 50, the threshold separating expansion from contraction, this beat analyst expectations for 49.6.

Both Hong Kong's Hang Seng and the mainland indexes were closed Thursday for the week-long National Day holiday.

The numbers out of China and solid U.S. private sector jobs data released overnight pushed the Nikkei up almost 2% to 17,722.42, with exporters, carmakers and tech firms leading the gains.

Australia ASX All Ordinaries +85.50 +1.69% 5,144.10

Shanghai SE Composite Index Closed

Hang Seng Closed

Nikkei 225 +334.27 +1.92% 17,722.42

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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