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Asia Pacific stocks rise; China’s August manufacturing activity data ahead

by Asia Insider

Japanese trading firm stocks jump

The situation surrounding the ongoing coronavirus pandemic will also likely be watched by investors, with data from Johns Hopkins University showing the number of reported Covid-19 cases worldwide surpassing 25 million. India, among the countries with the highest number of reported virus cases, recently registered the biggest single-day spike globally since the pandemic began, according to the Associated Press.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.217 after seeing levels above 93.2 last week.

The Australian dollar changed hands at $0.7373 after rising from levels below $0.726 last week.

Oil prices were higher in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.39% to $45.99 per barrel. U.S. crude futures added 0.26% to $43.08 per barrel.

Here’s a look at what’s on tap:

  • China: Official manufacturing Purchasing Managers’ Index for August at 9:00 a.m. HK/SIN

Source: CNBC

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