Asia-Pacific stocks fell even after manufacturing data out of China bounced back to expansion territory.China's markets are closed for the weeklong Golden Week holiday. South Korean and Hong Kong's markets are also closed for holidays.improved to a score of 9 in the third quarter, up from 5 in the previous three months, the closely-watched central bank tankan survey showed.Over the weekend, U.S. legislators were able to reach a temporary agreement that averted a government shutdown.
Bank of Japan board discussed factors for exiting ultra-loose policy, September meeting summary shows One board member highlighted how the second half of the fiscal year ending March 2024 will mark an "important period" for determining whether the price stability target will be achieved. Mobius said the Chinese technology giants "could be the foundation of any portfolio" despite recent volatility. They are "still making good profits," he said, despite the "incredible" decline in their share prices over the past three years.China's PMI climbed to 50.2 in September from 49.7 in the previous month, beating Reuters' expectations of 50.0.
CNBC Pro: Goldman Sachs names 6 global stocks to play the energy transition — giving one over 90% upside This development should be welcome news for the market and offer a boost coming off a tough week, according to Jamie Cox, managing partner at Harris Financial.
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