As Asian bags closed without a single direction on Wednesday (30), after weak manufacturing data from the China highlight the first damage to Commercial War with the US.
The Japanese index Nikkei It rose 0.57% in Tokyo at 36,045.38 points, waiting for a bank policy decision of Banco do Japan (Boj), which, according to analysts, should leave his basic interest unchanged by 0.50% amid the uncertainties of the commercial environment.
Hang SENG advanced 0.51% in Hong Kong, to 22,119.41 points, South Korean Kospi fell 0.34% in Seoul, to 2,556.61 points, and Taiex was virtually stable in Taiwan, with a 0.01% increase.
In mainland China, composite Shanghai retreated 0.23%, to 3,279.03 points, in its fourth negative trading session, but the least compound Shenzhen advanced 0.70%at 3,279.03 points.
Banks’ actions were negative that disclosed weak quarterly scale: this was the case of Industrial & Commercial Bank of China (-3.6%), China Construction Bank (-3.2%) and Agricultural Bank of China (-3%).
Official research showed that the Chinese industrial PMI fell from 50.5 in March to 49 in April, with the reading below 50 pointing out the largest contraction of manufacturing activity since December 2023.
Similar survey by S&P Global/Caxin also pointed to fall from Chinese industrial PMI in April to 50.4, the lowest level since January.
Discouraging prides are the first clearest evidence of the impact of the tariff war between China and the US in the second largest economy in the world. And there are still no concrete signs that both sides are seeking a trade agreement.
Tomorrow, May 1st, the Chinese markets, as well as those of Hong Kong, Taiwan and South Korea will not operate due to the Labor Day holiday.
In Oceania, the Australian bag was in blue for the fifth consecutive session today, up 0.69% of S&S ASX 200 in Sydney, at 8,126.20 points.
