November 17, 2021
Markets

Asia markets trade higher; China set to release data on June factory activity

SINGAPORE — Stocks in Japan were set for a higher open on Wednesday. Meanwhile, China is set to release its data on manufacturing activity in the morning.

Futures overall indicated a mixed open for Asian markets. They pointed to a higher open for Japanese stocks, while over in Australia, markets were set for a lower open.

China’s official manufacturing Purchasing Manager’s Index (PMI) is expected to ease in June — hit by a resurgence of Covid-19 cases in the major export province of Guangdong, according to a Reuters poll of economists this week.

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Over on Wall Street, stocks were little changed in light trading although the S&P 500 did notch its 4th straight positive session and an all-time high. The Dow rose 9 points, or less than 1%. The S&P 500 ended the day 0.03% higher and the Nasdaq Composite ended the day up 0.2%

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