Asia Pacific stocks rise; China’s August manufacturing activity data ahead
Stocks in Asia Pacific were higher in Monday morning trade as the number of reported Covid-19 cases globally crosses the 25 million mark.
In Japan, the Nikkei 225 gained 1.34% while the Topix index advanced 1.26%.
Developments in Japanese politics will be watched by investors on Monday, as the search for the country’s new prime minister continues after longstanding incumbent Shinzo Abe announced a surprise resignation on Friday due to health reasons.
Meanwhile, South Korea’s Kospi rose 0.93%. The S&P/ASX 200 in Australia hovered above the flatline.
Overall, the MSCI Asia ex-Japan index traded 0.19% higher.
On the economic data front, China’s official manufacturing Purchasing Managers’ Index for August is set to be released at around 9:00 a.m. HK/SIN on Monday.
Reference: CNBC
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