SHAFAQNA Turkey, Asia-Pacific stocks were mixed as China’s industrial activity data for November was lower than expected.
Equity markets in the Asia-Pacific region were mixed on Wednesday, as China’s manufacturing activity data for November came in below expectations, falling for the second month in a row.
The Hong Kong Hang Seng index rose 0.19%, the Shanghai Composite index rose 0.12% and the Shenzhen Component index rose 0.1%.
Chinese health officials on Tuesday announced measures to increase vaccinations for the elderly, an important indicator for reopening the economy, and when asked if the ongoing protests would make a difference, they said they were “closely monitoring the evolution of the virus.”
In Australia, the S&P/ASX 200 recovered its previous losses and rose 0.2% in October after the monthly inflation indicator showed some slowdown. Nikkei 225 and Topix in Japan fell 0.6%.
South Korean Kospi bounced back up 0.5%. The broadest MSCI index of Asia-Pacific equities outside of Japan rose 0.2 percent.
Japanese retail and electric vehicle maker Xpeng will announce earnings and Fed Chairman Jerome Powell will give a speech at the Brookings Institution on Wednesday.
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