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

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. – Asian shares were mixed on Monday, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.

“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. 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.

The U.S. stock market has been on a nearly unstoppable run since late October, and the S&P 500 just capped its fifth straight winning month. It has leaped as the U.S. economy has remained remarkably solid despite high interest rates meant to get inflation under control.

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Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
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Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
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Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan's Nikkei 225 topped 41,000 for the first time early Friday but then fell back. Chinese property and tech companies weighed on markets in Shanghai and Hong Kong. On Thursday, the S&P 500 rose 0.3% to an all-time high for a third straight day.
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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts. Chinese markets rose while shares fell in Tokyo and Seoul. The Chinese yuan dipped to its lowest level in four months. Oil prices advanced and U.S. futures were lower.
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