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Asian markets mixed; China up on manufacturing data

Published on Nov 1, 2012 4:55 PM

HONG KONG (AFP) - Asia's stock markets were mixed on Thursday, with stronger Chinese manufacturing data providing support as Tokyo's rise was stunted by a huge slump in electronics giant Panasonic.

Wall Street's lead was tepid in a quiet first session after superstorm Sandy forced the market to close for two days.

Hong Kong gained 0.83 per cent, or 180.05 points, to 21,821.87, while Shanghai surged 1.72 per cent, or 35.55 points, to 2,104.43. Tokyo closed 0.21 per cent higher, gaining 18.58 points to 8,946.87. Seoul, however, eased 0.71 per cent, or 13.62 points, to 1,898.44, and Sydney dropped 1.32 per cent, or 59.4 points, to 4,457.6.

Data showed China's manufacturing activity expanded last month for the first time in three months, adding to renewed optimism that the world's No. 2 economy was beginning to awake from its recent slumber.

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