The Shanghai Composite rose 0.6% to surpass 3,350, while the Shenzhen Component edged up 0.4% to 10,550 on Tuesday, with mainland stocks rebounding after a two-day decline as investors reacted positively to strong factory activity data. A private survey showed that Chinese manufacturing expansion accelerated more than expected in March, reaching a four-month high amid robust external demand. Total new orders grew for the sixth consecutive month, while new export orders recorded their fastest expansion in nearly a year. However, investor sentiment remained cautious as markets awaited the...
Shares in Hong Kong rose by 142 points, or 0.6%, to 23,247 in morning deals on Tuesday, halting the bearish trend of the prior two sessions, supported by gains in tech, energy, and consumer services. Fresh data from China lifted sentiment after a private survey showed that factory activity in the mainland grew the most in four months, following Monday's official data that revealed the manufacturing sector expanded at the fastest pace in a year. The Hang Seng rebounded from a four-week low touched the day before, tracking a rise in Wall Street's S&P and Dow Jones overnight. However,...
European stocks rebounded on the first day of the quarter as investor focus remained on an expected tariff announcement from the US. The Stoxx 600 gained 0.9% at 8:06 a.m. in London. AstraZeneca Plc rose 1.6% as its experimental cholesterol drug significantly reduced "bad" cholesterol in a mid-stage trial. US President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said, adding that the announcement would feature "country-based" levies. European sectors exposed to duties, such...