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Stock market today: Asian shares are mixed and Shanghai gains on strong China factory data

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Asian shares are mixed, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China. Sydney and Hong Kong were closed for the Easter Monday holiday.

A currency trader walks by the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 1, 2024. Asian shares were mixed Monday, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China. A currency trader passes by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.

“A slew of policies introduced earlier this year to stabilize growth are gradually having an effect,” Wang Zhe, senior economist at Caixin Insight Group, said in a statement.Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow Markets in the U.S. and Europe were closed on Friday. On Thursday, Wall Street coasted to its latest winning month and quarter by rising to more records. The S&P 500 rose 0.1%, adding to its all-time high set the day before.

 

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