Stock market today: Asian shares gain as China is boosted by strong factory orders

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Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing.

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FILE - People walk past the New York Stock Exchange on Tuesday, Nov. 26 2024. A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Nov. 29, 2024, in Tokyo. – Shares started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing.Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.

Hong Kong's Hang Seng gained 0.2% to 19,468.27, while the Shanghai Composite index jumped 1% to 3,360.38. Taiwan’s Taiex surged 2.4%.Automaker Nissan Motor Corp.'s shares fell 1% as reports said the company's CFO, Stephen Ma, plans to step down as the company slashes jobs and production due to weakening sales in China and other markets.

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

 

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