Asia markets edge higher as data shows China’s industrial profits rose in November
28 Dec 2020 | SET News
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Asia markets edge higher as data shows China’s industrial profits rose in November
Stocks in Asia edged higher on Monday morning as the final trading week of 2020 kicks off.
In Japan, the Nikkei 225 gained 0.32% while the Topix index advanced 0.27%. South Korea’s Kospi rose 0.86%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.18% higher.
Profits at Chinese industrial firms in November rose 15.5% as compared with a year earlier, according to data released by the country’s National Bureau of Statistics over the weekend.
Meanwhile, shares of Alibaba in Hong Kong will be monitored by investors on Monday. That comes after Chinese regulators ordered Alibaba-affiliate Ant Group to rectify its businesses.
Markets in Australia and New Zealand are closed on Monday for a holiday.
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