Asian Markets Respond Positively to Latest PMI Data

In a significant boost to the Asian markets, the latest manufacturing activity data from Australia, China, and Japan has shown promising signs of growth. This positive news comes at a time when investors are keenly awaiting further details on United States President Donald Trump's tariff plans, which could have wide-ranging implications for global trade.

Market Movements Across Asia

Australia's S&P/ASX 200 saw an increase of 0.50% by 3:24 am CET, signaling a robust start to the week. Similarly, Hong Kong's Hang Seng experienced a significant jump of 1.86% by 3:26 am CET. On the Chinese mainland, the Shanghai Composite and the Shenzhen Composite also enjoyed gains, rising by 0.65% and 1.44% respectively. Japan's Nikkei 225 wasn't far behind, marking a 1.14% increase by 3:27 am CET. However, South Korean markets remained closed due to a public holiday, missing out on the day's gains.

Currency Movements

In the currency markets, the dollar saw a slight decline against the yen, trading 0.12% lower at ¥150.3310 by 3:28 am CET. This movement reflects the ongoing adjustments in the financial markets as they react to the latest economic indicators and geopolitical developments.