Markets in the Asia-Pacific region experienced a general upward trend on Monday, following a positive performance from all three major U.S. indexes on Friday. Investors in Asia are evaluating the manufacturing activity data released from China following RatingDog’s publication of its purchasing managers index for October. China’s manufacturing activity registered a slowdown at 50.6, falling short of the 50.9 anticipated by economists surveyed by Reuters and declining from September’s figure of 51.2. The official PMI figures published on Friday by the National Bureau of Statistics indicated that China’s manufacturing sector experienced a contraction in October, reaching its lowest point in six months at 49.0.

Hong Kong’s Hang Seng index increased by 0.97%, closing at 26,158.36, thereby breaking a three-day losing streak. Meanwhile, mainland China’s CSI 300 recovered from previous losses, rising by 0.27% to finish the day at 4,653.4. South Korea’s Kospi experienced an increase of 2.78%, closing at a record high of 4,221.87, marking its most significant one-day gain since June. Meanwhile, the small-cap Kosdaq experienced an increase of 1.57%, concluding at 914.55.

India’s Nifty 50 experienced an increase of 0.14%, while the Sensex was hovering near the flatline. Australia’s S&P/ASX 200 increased by 0.15%, concluding at 8,894.8. The central bank of the country commences its two-day monetary policy meeting today, with analysts anticipating a pause from the Reserve Bank of Australia following inflation data that exceeded expectations for the third quarter. Japan’s markets are currently inactive due to a public holiday.

On Friday in the U.S., the tech-heavy Nasdaq Composite advanced by 0.61%, closing at 23,724.96, while the S&P 500 experienced a gain of 0.26%, reaching 6,840.20. The Dow Jones Industrial Average concluded the trading session with a slight increase, settling at 47,562.87.