Nikkei 225 rebounds in Asia, China bucks the trend

The Asian traders moved past BOJ-led disappointment and hence, allowed a solid recovery in the Japanese stocks this Monday, which drove Asian markets outside China higher.

Moreover, the persisting risk conditions also witnessed a major turnaround after the Chinese Caixin manufacturing PMI surpassed expectations by over 2 full points. China private manufacturing PMI survey (July) came in at 50.6 versus expected 48.8.

Meanwhile, the Japanese benchmark index, the Nikkei 225 jumps +0.50% to 16,650 on the back of a solid recovery in USD/JPY, up +0.62% on the day. The Australian markets also extend higher, with the S&P/ASX 200 rising +0.85% to 5,610 points.

The Chinese equities were left unimpressed by better domestic data, with the benchmark Shanghai Composite index down -1.24%; the CSI300 index also losing -0.90%. While Hong Kong markets rally 1.67% to 22,256 levels.