Asian markets mixed as China’s factory activity expands, US govt shutdown averts; dollar gains

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Read here: US Congress passes bill to fund govt for 45 days, averts shutdown Japan’s Nikkei 225 gained 0.68%, while the Topix rose 0.45%. Chinese markets are closed for the Golden Week holiday. Stock markets in South Korea and Hong Kong are also shut for holidays.

In Australia, the S&P/ASX 200 fell 0.23%. Meanwhile, the Indian stock market is also closed today on account of Mahatma Gandhi Jayanti holiday. Read here: Stock market holiday: BSE, NSE to remain closed today for Mahatma Gandhi Jayanti The US stock market indices ended mostly lower on Friday as investors digested implications of a US inflation report for the Federal Reserve’s interest rate policy.

The Dow Jones Industrial Average fell 158.84 points, or 0.47%, to 33,507.5, while the S&P 500 declined 11.65 points, or 0.27%, to 4,288.05. The Nasdaq Composite ended 18.05 points, or 0.14%, higher at 13,219.32. Read here: Global market update: Wall Street indices erase gains as investors wary of US shutdown The S&P 500 and Nasdaq posted their biggest monthly percentage drops of the year, while all three major indexes had their first quarterly declines in 2023.

Data showed the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 3.9% on an annual basis for August, the first time in over two years it had fallen below 4%, Reuters reported. Also Read: Wall Street week ahead: Investors to focus on OPEC+ meet Japan's factory activity fell at the fastest pace in seven months in September, a survey showed on Monday. The final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 48.5 in September from 49.6 in August and roughly in line with the flash reading of 48.6, Reuters reported.