Asia
Japan
NKY+1.17%, TPX +0.84%
NKY rose after China PMI rose and Australian GDP came in stronger-than-expected. Yen weakened further after Ichiro Ozawa, former Secretary-General of the DPJ, pledged to take every possible measure, including intervening in the currency market, to stem the yens rise if he was elected party leader. Turnover on the TPX rose to 1.17 trillion yen from 1.07 trillion yen yesterday
Stocks rose across most sectors led by oil & gas, materials, industrials, utilities and financials
Exporters rose as the yen weakened: autos +0.31%, CE +0.34%, precision +1.62%.
Machinery +0.93% after China manufacturing PMI rose in August
Chip-related names underperformed after Goldman cut the share price target for chip-related product makers
Steelmakers rose after UBS reported Japanese steelmakers won a 7% cut in quarterly coking coal prices from BHP (BHPAU), the first cut this year:
Best performing sectors on the TPX: oil & gas +3.36%, real estate +2.34%, construction +2.10%, mining +2.10%; worst performing sectors: pulp & paper -0.71%, fishery, agriculture & forestry -0.37%, securities +0.05%
Hong Kong
HSI +0.43%; HSCEI +0.84%
Stocks rose after China manufacturing PMI rebounded in August. Turnover on the HSI rose to HK$19.35B from HK$15.17B yesterday
Mainland property developers were mixed after Xinhua reported the CBRC will strictly implement policies aimed at curbing housing prices and support the construction of affordable housing and control risk
HK retailers rose after July retail sales rose more-than-expected
Clean energy names rose after report Chinese financing of new energy, emission reduction and environmental production could reach 8 trillion yuan by 2020:
China
SHCOMP -0.60%; SZCOMP -1.31%
Stocks fell as investors took profit after manufacturing PMI rebounded in August. Small caps underperformed after Citic Securities said the rally for small caps may end and the Securities Daily reported the Shenzhen Stock Exchange may introduce delisting rules for the ChiNext market next year. Turnover on the SHCOMP rose to 122.52B yuan from 118.58B yuan yesterday
Stocks fell across most sectors led by consumer, utilities, industrials, health care and tech. Banks and insurers rose
Real estate -1.67% after Xinhua reported the CBRC will strictly implement policies aimed at curbing housing prices and support the construction of affordable housing and control risk