China’s manufacturing activity in October, oil prices

SINGAPORE – Shares in the Asia-Pacific region rose in trading on Monday morning, while data released over the weekend showed that China’s manufacturing activity in October fell for the second month in a row.

Japanese equities led regional gains as the Nikkei 225 jumped 2.01% in early trading, while the Topix index rose 1.57%.

South Korea’s Kospi rose 0.39%, while the S & P / ASX 200 in Australia rose 0.33%.

MSCI’s broadest index of Asia-Pacific equities outside Japan traded unchanged.

Stock options and investment trends from CNBC Pro:

China’s factory activity

China’s official Production Purchasing Managers’ Index for October came in at 49.2 over the weekend, below the 50 level that separates expansion from contraction. It represented the second consecutive month of declining manufacturing activity in the country, following September’s official manufacturing PMI of 49.6.

The PMI below 50 represents a decline, while those above that level indicate expansion. PMI readings are sequential and represent month-to-month expansion or contraction.

A private study on Chinese manufacturing activity in October is set to be released on Monday, with the Caixin / Markit manufacturing PMI expected at 1 p.m. 9:45 HK / SIN.

Currencies and oil

The US dollar index, which follows the dollar against a basket of its peers, rose to 94.185 after a recent jump from below 93.6.

The Japanese yen traded at 114.17 per dollar, weaker than levels below 113.4 against the dollar last week. The Australian dollar changed hands to $ 0.7521 after falling from over $ 0.753 late last week.

Oil prices fell in the morning during opening hours in Asia, with international benchmark brent crude oil futures falling 0.43% to $ 83.36 per barrel. barrel. Futures on U.S. crude oil fell 0.6% to $ 83.07 per share. barrel.

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