TOKYO (AP) — Shares in Asia are higher after China and Japan reported stronger- than- expected factory data. Markets in China, Hong Kong, India and South Korea were closed Monday…
TOKYO (AP) — Shares in Asia are higher after China and Japan reported stronger- than- expected factory data. Markets in China, Hong Kong, India and South Korea were closed Monday for national holidays.
KEEPING SCORE: Japan’s Nikkei 225 stock index rose 0.2 percent to 20,400.78 and the S&P ASX/200 jumped 0.8 percent to 5,729.30. Shares in Taiwan and Southeast Asia also gained.
WALL STREET LAST WEEK: The market ended the quarter on a four-day winning streak that began after Federal Reserve Chair Janet Yellen said the central bank plans to continue to raising interest rates. The Standard & Poor’s 500 index rose 0.4 percent to 2,519.36 and the Dow Jones industrial average eked out a 0.1 percent gain to 22,405.09. The Nasdaq composite jumped 0.7 percent to 6,495.96. The S&P 500 and Nasdaq both closed at all-time highs.
JAPAN ECONOMIC DATA: The Bank of Japan’s quarterly “tankan” survey showed an improved outlook for the world’s third-largest economy. The survey of leading manufacturers indicated growing shortages of factory capacity that could compel companies to invest more, helping to drive growth.
