Japanese shares gained more than 1% at close after economic data


direct: Japanese stock indices rose by more than 1 percent at the end of Monday’s session, with the announcement of economic data and with an anticipation of Corona’s developments.

Economic data revealed that Japan’s manufacturing PMI rose to 48.7 points during the past month, more than expected, but it is still in a contractionary range.

Meanwhile, industrial activity in China expanded for the sixth consecutive month in October, exceeding expectations.

On the other hand, investors are watching the developments of the Corona virus and the trend of European countries to tighten social distancing measures, in addition to waiting for the US elections.

At the close of the session, the Japanese Nikkei index rose 1.4 percent to 23,295.4 points.

The broader Topix rose 1.8 percent to 1607.9 points.

By 7:40 am GMT, the Japanese yen fell against the dollar by 0.1 percent to 104.78 yen.


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