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Asian Stocks Trade Higher on Solid China Manufacturing Report

China Threat - "Reckless Provocation" says Taiwan

Today, we are seeing a rally in shares around Asia as the market was somewhat surprised that the private report out of China, showed rising factory activity in November. This is of course surprising as the US-China Trade War has been a key ball and chain for the economy. However, China reported in its Caixin/Markit manufacturing Purchasing Managers Index for the month, rising to 51.8. An improving manufacturing release of course is positive news for China and the region.

As a result, the Nikkei 225 is up 1.0 percent today and Kospi is now up 0.35%, Shanghai up 0.35% and HSI up 0.46%. Still, there is the weight of a trade war and the Hong Kong protests which have been fueled by US legislation that supports the democratic process. More on the China economy in the coming weeks as we study the upward trend in markets – by the way, we think markets will correct lower in the coming week with the US S&P 500 and Nikkei 225 falling substantially before bottoming out.



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