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Asian Stocks Gain After Shock Rise in China's MF Activity

On Monday Asian shares picked up in morning exchanging following an unforeseen bounce in China's factory activity in November.

jpxPhoto: Flickr

MSCI's equity indicator of Asia-Pacific stocks outside Japan was up 0.17 percent, recovering a portion of its one-percent-plus drop on Friday while Japan's Nikkei added 0.85 percent.

Hong Kong's Hang Seng Index gained 0.5 percent. The Shanghai Composite advanced by 0.3 percent while the smaller-cap Shenzhen Composite added 0.5 percent. South Korea's Kospi edged by 0.4 percent higher and benchmark equity indicators in Taiwan, Singapore and Indonesia grew. Australia's S&P/ASX 200 was up 0.6 percent.

Among individual shares, Yahoo Japan parent Z Holdings added in Tokyo exchanging, as did Toyota and Sony. In Hong Kong, developers Country Garden and China Overseas Land Investment progressed, while AAC Technologies dropped. Samsung crept up in South Korea while Westpac and Rio Tinto gained in Australia.


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