China extends gains, Shenzhen soars 9%, Shanghai up 7%
Major stock indices in the Asia-Pacific region traded mostly higher on Monday, with Chinese indexes jumping after a fresh batch of manufacturing and service data for September. Market participants focused on Japan digested the industrial output that declined 3.3% in August as well as the election of new Prime Minister Shigeru Ishiba.
In mainland China, the Shanghai Composite surged 7.23% to its highest since August 2023 while the Shenzhen Composite skyrocketed 9.77% at 7:11 am CET. Hong Kong's Hang Seng jumped 3.64% at 7:10 am and Australia's S&P/ASX 200 advanced 0.60% simultaneously. In the negative zone, Japan's Nikkei 225 nosedived 4.96% at 7:12 am CET while South Korea's Kospi lost 1.21%.
The dollar traded flat against the yen at 7:08 am CET, selling for 142.1475.