Investing.com – Asian stocks were broadly higher on Monday, as upbeat Chinese manufacturing data boosted markets, while the Nikkei closed lower amid largely disappointing corporate earnings reports.
During late Asian trade, Hong Kong's Hang Seng Index climbed 2.38%, South Korea's Kospi Composite jumped 1.69%, while Japan’s Nikkei 225 Index shed 0.52%.
Earlier in the day, official Chinese data showed that manufacturing output rose unexpectedly in October, rising to the highest level in six months.
Meanwhile, in Hong Kong, shares in the world’s second-largest lender by market value China Construction Bank climbed 2.84% after the lender said third-quarter profit rose by 31% from a year earlier.
But the Nikkei ended lower as shares in Japan’s second-largest automaker Honda tumbled 5.04% after the company lowered its second-half earnings forecast as well as its second-half sales forecast, citing weaker demand in North America and Europe.
Elsewhere within the auto sector, Japan’s largest automaker Toyota saw shares decline 1.64%, while shares in Nissan plunged 2.25%.
Meanwhile, the world’s largest plasma television maker Panasonic saw shares tumble 3.38% after it said third-quarter profit fell to JPY 85 billion, below expectations of JPY 109 billion.
Shares in rival electronics maker Sharp plunged 5.41% after it lowered its full-year earnings outlook citing the strong yen, while shares in electronics giant Sony were down 1.45%.
Elsewhere, Australia’s S&P/ASX 200 rose 0.79%, as shares in the commodity sector advanced amid rising crude oil and metal prices. Shares in the world’s largest mining group BHP Billiton gained 0.91%, Newcrest Mining Limited saw shares rise 1.03%, while shares in gold producer Medusa Mining soared 6.10% after it raised its full-year earnings forecast.
Meanwhile, in Europe, equity markets were up after the open. The EURO STOXX 50 gained 0.76%, France’s CAC 40 increased 0.74%, the FTSE 100 rose 0.64% and Germany's DAX was up 0.69%.
Later in the day, the U.S. was to release official data on personal income and spending as well as industry data on manufacturing growth.
During late Asian trade, Hong Kong's Hang Seng Index climbed 2.38%, South Korea's Kospi Composite jumped 1.69%, while Japan’s Nikkei 225 Index shed 0.52%.
Earlier in the day, official Chinese data showed that manufacturing output rose unexpectedly in October, rising to the highest level in six months.
Meanwhile, in Hong Kong, shares in the world’s second-largest lender by market value China Construction Bank climbed 2.84% after the lender said third-quarter profit rose by 31% from a year earlier.
But the Nikkei ended lower as shares in Japan’s second-largest automaker Honda tumbled 5.04% after the company lowered its second-half earnings forecast as well as its second-half sales forecast, citing weaker demand in North America and Europe.
Elsewhere within the auto sector, Japan’s largest automaker Toyota saw shares decline 1.64%, while shares in Nissan plunged 2.25%.
Meanwhile, the world’s largest plasma television maker Panasonic saw shares tumble 3.38% after it said third-quarter profit fell to JPY 85 billion, below expectations of JPY 109 billion.
Shares in rival electronics maker Sharp plunged 5.41% after it lowered its full-year earnings outlook citing the strong yen, while shares in electronics giant Sony were down 1.45%.
Elsewhere, Australia’s S&P/ASX 200 rose 0.79%, as shares in the commodity sector advanced amid rising crude oil and metal prices. Shares in the world’s largest mining group BHP Billiton gained 0.91%, Newcrest Mining Limited saw shares rise 1.03%, while shares in gold producer Medusa Mining soared 6.10% after it raised its full-year earnings forecast.
Meanwhile, in Europe, equity markets were up after the open. The EURO STOXX 50 gained 0.76%, France’s CAC 40 increased 0.74%, the FTSE 100 rose 0.64% and Germany's DAX was up 0.69%.
Later in the day, the U.S. was to release official data on personal income and spending as well as industry data on manufacturing growth.