Asian stock markets rose on Monday as a positive handover
from Wall Street offset disappointing Chinese factory activity data.
Beijing's official purchasing manager's index (PMI) for
August came in at 51.1, below Reuters expectations for 51.2 and July's reading
of 51.7.
HSBC's final PMI reading for August. Separately, HSBC's
final August PMI reading fell to a three-month low of 50.2. Still, both
readings were above the key 50-level that demarcates expansion from
contraction.
On Friday, the S&P 500 logged another record finish,
enjoying its best August in 14 years, after the Thomson Reuters/University of
Michigan's final take on consumer sentiment rose to 82.5 in August from 81.8
the month before.
China's Shanghai Composite jumped 0.25 percent or 5.60
points at 2,222.80.
Hong Kong's Hang Seng added 0.47 percent or 116.34 points at
24,858.40.
Japan's Nikkei rose 0.28 percent or 43.19 points at
15,467.78.
Taiwan's Taiwan Weighted surged 1.37 percent or 126.72
points at 9,380.10.
Singapore's Straits Times was flat at 3,325.93. South
Korea's Seoul Composite was flat at 2,068.11
√ Buy Colgate Palmolive
India, target of Rs 1700 and stoploss at Rs 1460
√ Buy Rural
Electrification Corporation, target of Rs 274 and stoploss at Rs 265
√ Buy Bharat Heavy
Electricals (BHEL) , target of Rs 254and stoploss at Rs 232
√ Sell Tata Motors, target
of Rs 517 and stoploss at Rs 529
√ Sell Larsen and
Toubro, target of Rs 1430 and stoploss at Rs 1590
