China extends gains, Shenzhen soars 9%, Shanghai up 7%

(Source: baha news)
EPA-EFE/JEROME FAVRE

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.

Baha Breaking News (BBN) / AC

JPY/USD+0.09%
0.006330
Chart for: JPY/USD
Hang Seng-0.92%
19064.29
Chart for: Hang Seng
SSE Composite Index-1.33%
3168.52
Chart for: SSE Composite Index
KOSPI-0.24%
2515.78
Chart for: KOSPI
baha japan-0.73%
39057.52
Chart for: baha japan