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Asia shares dragged by Nikkei, China keeps rallying

Asian stock markets turned hesitant on Monday as strife in the Middle East offset more stimulus measures in China, while the Nikkei dived on concerns Japan's new prime minister favoured normalising interest rates. The rush of stimulus helped outweigh a poor manufacturing survey and lift the blue-chip CSI300 another 3.0%, having already jumped 16% last week. The Shanghai Composite climbed 4.4%, on top of last week's 13% rally. Continued Israeli strikes across Lebanon added geopolitical uncertainty to the mix, though oil prices were still restrained by the risk of increased supply. The week is packed with major U.S. economic data including a payrolls report that could decide whether the Federal Reserve delivers another outsized rate cut in November.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-13905829/Asia-shares-dragged-Nikkei-China-keeps-rallying.html
Source Id: 8342671063

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