Jobaaj Stories
As most of the markets in Asia are closed today, Australia and Japan trade higher.
Japanese Benchmarks were seen to rise 1% to close to the highest level since two years back, with all the sectors advancing. Even Australian shares rose as trading on May Day was closed in other major countries like Mainland China, South Korea, and Hong Kong.
As per the Au Jibun Bank, The softest contraction in the last six months is witnessed as Japan’s Purchasing Managers Index for April came at 49.5. The Nikkei 225, was observed 0.92% higher while Topix was above 1% finishing at 2,078.06.
Australian country also saw fastest paced factory activity in the last 35 months. The private surveys from Juno Bank had shown the purchasing managers index standing at 48.
Unexpectedly, China’s factory activity also slipped into the contraction territory beating the economist’s expectations of 51.4 with its manager’s purchasing Index at 49.2.
Reportedly, these three major indexes in the U.S. all closed higher and the Dow Jones Industrial Average gained 0.8% to notch its best month in the year’s beginning. The Nasdaq Composite and S&P 500 both advanced at 0.69% and 0.83%.
(This article is based on the Information by CNBC)
- Kratika Agarwal
