Investing.com - Most Asian stocks traded higher during Tuesday’s session following a spate of data points from some of the region’s largest economies.
In Asian trading Tuesday, Japan’s Nikkei 225 climbed 0.51% after the Bank of Japan said the Tankan Manufacturing Index rose to 12 in the third quarter from four in the second quarter. Analysts expected a third-quarter reading of 7.
Separately, Japan’s Statistic Bureau said Japanese household spending fell 1.6% in September after a 0.1% increase in August. Analysts expected a September increase of 0.1%. The Statistics Bureau added that the unemployment rate in the world’s third-largest economy unexpectedly rose to 4.1% in September from 3.8% in August. Analysts expected the September reading to be unchanged.
In another report, the Japanese Ministry of Health, Labour and Welfare said that Japan’s average cash earnings fell 0.6% in the third quarter after a 0.1% second-quarter increase. The second-quarter reading was revised down from 0.4%. Analysts expected a third-quarter decline of 0.2%.
BoJ added that Japan’s non-manufacturing Tankan index rose to 14 from 12 in August. Analysts expected a September reading of 14.
Earlier Tuesday, the China Logistics Information Center said that Chinese manufacturing PMI rose to 51.1 last month from 51 in August. Analysts expected an increase to 51.5. Readings above 50 indicate expansion. Markets in Hong Kong and China are closed for a holiday.
Australia's S&P/ASX 200 fell 0.1% even after the Australian Bureau of Statistics said that Australian retail sales rose 0.4% last month following a 0.1% increase in the prior month. Analysts expected retail sales to rise 0.3% last month.
New Zealand’s NZSE 50 rose 0.16% following the decent Chinese data point. Both Australia and New Zealand count China as their largest export partner.
South Korea’s Kospi added 0.4% after the Korea National Statistical Office said that South Korean consumer price inflation rose 0.2% last month after a 0.3% rise in August. Analysts expected a September increase of 0.5%.
Singapore’s Straits Times Index advanced 0.51% while S&P 500 futures rose 0.28% a day after the benchmark U.S. index lose 0.60%.
In Asian trading Tuesday, Japan’s Nikkei 225 climbed 0.51% after the Bank of Japan said the Tankan Manufacturing Index rose to 12 in the third quarter from four in the second quarter. Analysts expected a third-quarter reading of 7.
Separately, Japan’s Statistic Bureau said Japanese household spending fell 1.6% in September after a 0.1% increase in August. Analysts expected a September increase of 0.1%. The Statistics Bureau added that the unemployment rate in the world’s third-largest economy unexpectedly rose to 4.1% in September from 3.8% in August. Analysts expected the September reading to be unchanged.
In another report, the Japanese Ministry of Health, Labour and Welfare said that Japan’s average cash earnings fell 0.6% in the third quarter after a 0.1% second-quarter increase. The second-quarter reading was revised down from 0.4%. Analysts expected a third-quarter decline of 0.2%.
BoJ added that Japan’s non-manufacturing Tankan index rose to 14 from 12 in August. Analysts expected a September reading of 14.
Earlier Tuesday, the China Logistics Information Center said that Chinese manufacturing PMI rose to 51.1 last month from 51 in August. Analysts expected an increase to 51.5. Readings above 50 indicate expansion. Markets in Hong Kong and China are closed for a holiday.
Australia's S&P/ASX 200 fell 0.1% even after the Australian Bureau of Statistics said that Australian retail sales rose 0.4% last month following a 0.1% increase in the prior month. Analysts expected retail sales to rise 0.3% last month.
New Zealand’s NZSE 50 rose 0.16% following the decent Chinese data point. Both Australia and New Zealand count China as their largest export partner.
South Korea’s Kospi added 0.4% after the Korea National Statistical Office said that South Korean consumer price inflation rose 0.2% last month after a 0.3% rise in August. Analysts expected a September increase of 0.5%.
Singapore’s Straits Times Index advanced 0.51% while S&P 500 futures rose 0.28% a day after the benchmark U.S. index lose 0.60%.