Bourses across Asia were mostly higher on November 1, with Japan’s Nikkei Stock Average up by +0.21%, Hong Kong’s Hang Seng rising by +0.56%, and Mainland China’s Shanghai Composite rallying +1.64%, while South Korea’s Kospi fell -0.72% and Australia’s S&P/ASX 200 lost -1.32%.
The main attraction was the China PMI that produced improving results, with the NBS data going expansionary (from 49.8 to 50.2) and the HSBC figure coming closer (from 47.9 to 49.5). Also buoying sentiment were reports that some Chinese cities will relax their property restriction policies buoyed Shanghai.
Futures for the German DAX 30 and the French CAC 40 are signaling a lower opening ahead of low volume European session, with bank holidays around the region. Apart from the UK and Greek Markit manufacturing PMI, investors will be mostly waiting for the New York session and the release of the US ISM data. WTI crude oil is up by +0.10%, at $86.30, and Gold rises by +0.07%, at $1720.
Asian students are vital to the health of Australian universities
Over 170,000 international student visa holders are stuck outside Australia, unable to enter because of travel bans.
Australia boosting cybersecurity cooperation within Asian countries
They are now working in tandem with other Asian countries such as Singapore and China in a bid to tackle cybercrime within the Asia Pacific region.
Australia rises to second most popular Asia-Pacific HQ destination
Between 2015 and 2016, the number of headquarter projects going into Australia increased by 46.66%, equating to a market share of 18.18%
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