Asia markets extend gains ahead of business activity figures from around the region
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Asia-Pacific markets extended gains from Monday as tech shares rebounded on Wall Street. Australia's composite purchasing managers index hit a two-year high at 53.6. Japan and India's PMI numbers will be released later Tuesday. S&P/ASX 200 started the day up 0.32% after the PMI release. Nikkei 225 popped 0.8% at the open, while the broad-based Topix was up 0.66%. South Korea's KOSPI climbed 0.2%, and the small-cap Kosdaq rose 0.62%. Futures for Hong Kong's Hang Seng index stood at 16,681, pointing to a weaker open compared to the HSI's close of 16,511.69. The S&P 500 and Nasdaq Composite both snapped six-day losing streaks, gaining 0.87% and 1.11% respectively, while the Dow Jones Industrial Average climbed 0.67%. U.S. crude prices slipped after Iran said it will not escalate the conflict with Israel. Australia's business activity in April expanded at its fastest clip in 24 months, according to flash figures from S&P Global. The country's composite purchasing managers index came in at 53.6, compared to 53.3 in March. Manufacturing PMI climbed to 49.9 from 47.3, just shy of the 50 mark that separates expansion from contraction, while services PMI slipped slightly to 54.2 from 54.4.

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https://www.cnbc.com/2024/04/23/asia-markets-live-updates-australia-japan-and-india-pmi-data.html