Asian Markets Higher On China Factory Growth

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Asian Markets Higher On China Factory Growth

by Wochit 0:42 mins

Asian Markets Higher On China Factory Growth

by Wochit 0:42 mins

Australian shares led Asian stock markets modestly higher on Monday after a report showed Chinese manufacturing expanded for the first time this year, signaling that the No. 2 economy's growth slowdown has bottomed out. Australia's benchmark S&P/ASX 200 index rose 0.8 percent to 5,450.80 and the country's currency strengthened after HSBC's preliminary purchasing managers' index showed that activity in China's huge manufacturing sector rose to the highest level since December.

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