Asian Shares Mixed As Shanghai Gains

Asian shares displayed a mixed performance on Monday, with Shanghai notably gaining 1% following surveys indicating improvements in manufacturing conditions in China.

The Shanghai Composite index surged by 1% to 3,072.29.

Sydney and Hong Kong markets remained closed for the Easter Monday holiday, as reported by Elaine Kurtenbach for the Associated Press (AP).

Tokyo’s Nikkei 225 experienced a decline of more than 1.2%, settling at 39,883.96, after a Bank of Japan quarterly survey revealed a decrease in sentiment among large manufacturers, including auto and electronics giants, for the first time in a year.

In contrast, the Shanghai Composite index surged by 1% to 3,072.29. In other parts of Asia, South Korea’s Kospi recorded a modest 0.2% increase, reaching 2,750.64, while India's Sensex saw a rise of 0.7%. The SET in Bangkok edged 0.1% higher.

Markets in the U.S. and Europe were closed on Friday, with Wall Street concluding its latest winning month and quarter by achieving more records.

The S&P 500 climbed 0.1%, extending its all-time high from the previous day, while the Dow Jones Industrial Average inched up 0.1% to 39,807.37, also setting a record. However, the Nasdaq composite dipped 0.1% to 16,379.46.

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