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Stock market today: Global stocks mixed as Chinese stocks benefit from strong factory orders

BANGKOK– Global stocks were mixed on Monday, with China leading gains as monthly surveys showed improving conditions in the manufacturing sector, driven in part by a surge in orders ahead of President-elect Donald Trump’s inauguration next month.

Oil prices rose and US futures fell slightly.

Public and private sector surveys of factory managers showed strong new orders and export orders, perhaps partly linked to efforts by U.S. importers to avoid possible tariff hikes. Asset once he takes office.

On Saturday, Trump threatened 100% rates against the so-called nine-nation BRIC bloc if they act to weaken the US dollar. The BRICs include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Trump said he wanted the bloc to promise not to create a new currency or attempt to undercut the U.S. dollar.

“Asian markets are riding a wave of optimism, benefiting from tailwinds from Wall Street’s record day on Friday and buoyed by emerging signs that China’s economic crisis may be easing,” said SPI’s Stephen Innes Asset Management in a comment.

At the start of the European session, the German DAX lost 0.2% to 19,585.83 and the CAC 40 in Paris fell 0.9% to 7,168.39. Britain’s FTSE 100 index edged down 0.1% to 8,277.14.

The future of the S&The P 500 and Dow Jones Industrial Average were down 0.2%.

Innes noted that investors also expect further steps from Chinese authorities to boost the economy ahead of Trump’s inauguration next month. Chinese leaders typically convene an economic planning meeting in December, setting policy for the coming year.

Hong Kong’s Hang Seng gained 0.6% to 19,532.19, while the Shanghai Composite index jumped 1.1% to 3,363.98. Taiwan’s Taiex jumped 2.1%.

In Tokyo, the Nikkei 225 index rose 0.8% to 38,513.02, as the US dollar regained some strength against the Japanese yen, boosting exporters. Toyota Motor Corp. gained 2.3%.

Shares of automaker Nissan Motor Co. initially fell, but recovered those gains to close 0.4% higher as the company did not confirm reports that its chief financial officer, Stephen Ma, planned to resign as the company cut jobs and production due to weakening sales. in China and other markets.

In South Korea, the Kospi slipped less than 0.1% to 2,454.48, while Australia’s S&The P/ASX 200 edged up 0.1 per cent to 8,447.90.

In Bangkok, the SET jumped 0.6%.

Friday’s half-day after Thanksgiving ended with the S&The P 500 rose 0.6% to 6,032.38, while the Dow gained 0.4% to 44,910.65. The Nasdaq added 0.8% to 19,218.17.

Some retailers made gains as Black Friday unofficially kicked off the holiday shopping season, even though retailers had been offering early deals for weeks. Macy’s and Best Buy each gained about 2%.

Tesla shares rose 3.7% on Friday and posted a monthly gain of more than 38%. The electric vehicle maker is expected to benefit from CEO Elon Musk’s support of Trump.

Musk also gave Hasbro shares a boost after sparking takeover speculation when he asked in an article on X how much the toy and game company was worth. Hasbro, owner of the Dungeon role-playing game & The Dragons increased by 2%.

The apple rose 1.1%. The tech giant hopes the recently added artificial intelligence features will be enough to entice consumers to treat themselves or their loved ones to a new iPhone for the holidays.

Bitcoin, which is closing in on $100,000, was trading at 96,016.15 early Monday, according to Coin Desk.

In other trading Monday morning, U.S. benchmark crude oil gained 37 cents to $68.37 a barrel. Brent crude, the international standard, gained 40 cents to $72.24 a barrel.

The US dollar rose from 149.70 Japanese yen to 150.20 Japanese yen. The euro rose from $1.0589 to $1.0510.

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Ritesh Kumar is an experienced digital marketing specialist. He started blogging since 2012 and since then he has worked in lots of seo and digital marketing field.

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