China stocks rose Monday as investors assessed the country's business activity, while Japan stocks slipped as business optimism fell.
The country's manufacturing purchasing managers index climbed to 51.1, topping the 51.0 expected by economists and higher than the 50.8 announced in official data.— Lim Hui JieThe country's purchasing manager's index came in at 49.8, down from 50.7 in February. "The performance of the Japanese manufacturing sector remained downbeat at the end of the first quarter of 2023, though there were signs that the worst of the weakness had passed," the survey read.among large Japanese manufacturers fell in the first quarter, according to the Bank of Japan's Tankan survey, with the gauge at +11 compared with +12 in the last survey.
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Japan's business sentiment improves in the first quarter (Q1) of 2024– Tankan surveyBusiness confidence at large manufacturers in Japan improved and suggested that inflation expectations amongst firms steady in the first quarter (Q1) of 2024, according to the Bank of Japan's quarterly Tankan survey on Monday.
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Asia markets climb as China factory activity assessed; Japan business optimism falls slightlyChina released its official PMI figures over the weekend, while Japan is set to release its Tankan survey, which gauges business sentiment in the country.
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