From The Star: 2024-04-01 03:24:00

China stocks surged on Monday, marking their biggest daily gain in a month, driven by positive manufacturing activity data showing an expansion at its fastest pace in 13 months. The economy’s recovery is on track, with new orders boosting business confidence. Major indexes rose significantly, with Shanghai Composite up 1.19% and CSI300 up 1.64%. Industries like financials and consumer staples also saw gains. Other Asian markets rallied on the news, with MSCI’s Asia ex-Japan stock index up 0.04%. Japan’s Nikkei index, however, closed down 1.4%. Notable gainers in Shanghai included Hoymiles Power Electronics, Wuxi Taclink Optoelectronics, and Suzhou Qingyue Optoelectronics.



Read more at The Star: China stocks see biggest jump in 1-month on strong PMI data