The Asian markets were showing mixed trend on Thursday, with indices like China trading in red, though gains in Japan helped offset declines in China, as investors weighed economic data and the possible path for interest rates from US. The Japanese market was retaining its early gains of over a percent after nation’s capital spending topped estimates. Also, manufacturing sector in Japan continued to expand in May, and at a faster rate, with a manufacturing PMI score of 53.1. On the other hand, in China, the latest survey from Caixin revealed that the manufacturing sector swung to contraction in May, with a manufacturing PMI score of 49.6.
Taiwan Weighted was up by 36.9 points or 0.37% to 10,077.62, Jakarta Composite gained 44.76 points or 0.79% to 5,738.16, Hang Seng was higher by 110.25 points or 0.43% to 25,770.90 and Nikkei 225 surged by 228.69 points or 1.16% to 19,879.26.
On the other hand, Shanghai Composite declined by 15.43 points or 0.49% to 3,101.75, KOSPI Index was down by 2.93 points or 0.12% to 2,344.45 and FTSE Bursa Malaysia KLCI decreased 2.33 points or 0.13% to 1,763.54.
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