Asian Shares Rise Led By Tech Stocks
RTTNews·2025-11-03 08:34

Group 1: Market Performance - Asian stocks ended higher, with Japan closed for a public holiday [1] - China's Shanghai Composite index rose 0.55% to 3,976.52 despite disappointing PMI data [2] - Hong Kong's Hang Seng index jumped 0.97% to 26,158.36, supported by stabilization in the banking sector's Q3 earnings [2] - Seoul's Kospi average surged 2.78% to 4,221.87, breaching the 4,200 mark for the first time [3] - Australian markets ended modestly higher, with the S&P/ASX 200 edging up 0.15% to 8,894.80 [4] - New Zealand's S&P/NZX-50 index finished marginally higher at 13,556.30, marking its seventh consecutive gain [4] Group 2: Economic Indicators - China's manufacturing PMI dropped to 50.6 in October from 51.2 in September [2] - Gold prices edged higher as the dollar eased from a near three-month high ahead of key employment data [5] - Oil prices rose after OPEC+ decided to hold production steady in early 2026 [5] Group 3: Company Developments - Samsung Electronics shares climbed 3.4%, while SK Hynix soared 10.9% following Nvidia's announcement to supply AI chips to South Korea [3] - Amazon reported strong quarterly results, contributing to a mostly higher session for U.S. stocks [6] - Netflix's board approved a ten-for-one stock split, impacting its stock performance [6]