Nikkei at Five Month High Above 15300

Japanese shares climbed to a five-month high on Monday morning, after an upbeat survey on Chinese manufacturing activity added to the positive mood from the U.S. Federal Reserve’s dovish policy stance.

The benchmark Nikkei advanced 0.4 percent to 15,404.78 by the midday break, after rising as high as 15,405.16, its best level since Jan. 24.

Activity in China’s factory sector expanded in June for the first time in six months as new orders surged, a preliminary HSBC survey showed, offering new signs the world’s second-largest economy is stabilising thanks to Beijing’s measures to shore up growth.

Reuters

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