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Asian shares tack on in thin trade

On Monday, stocks in Asia tacked on, with China markets unavailable for a week-long holiday. Additionally, American jobs data at the end of the week turned to be a major focus.

The Nikkei 225 ascended 1.12%, while the S&P/ASX 200 grew 0.83%.

In Japan, the third quarter Tankan poll disclosed the large manufacturing index at plus-6, quite below the plus-8 figure expected and intact from the previous period.

The BOJ is currently seeking to form an appropriate yield curve for the purpose of hitting its 2% inflation objective under the new monetary easing framework initiated the previous week. At its next policy gathering on October 31-November 1, Japan’s major financial institution will review its medium-term growth as well as inflation outlook through March 2019.

Earlier, in Australia, the AIG manufacturing index was 49.8, thus recouping some of the steep dip in August and approaching the expansion zone above 50.

At the close in NYSE, the Dow Jones Industrial Average ascended 0.91%, while the S&P 500 index grew 0.80%, and the NASDAQ Composite index surged 0.81%.


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