Asian Stocks Are Mixed After Chinese PMI Rises And Japanese Capital Spending Jumps

china construction

Photo: China Photos/Getty Images

Asian markets opened mixed after Fed chairman Ben Bernanke said the U.S. economy was recovering slowly but remained cautious in his remarks, and after Chinese PMI made its third consecutive gain.Japanese stocks posted gains after the yen weakened, and the Ministry of Finance revealed that capital spending jumped 7.6 per cent in the fourth quarter. This crushed expectations for a 6.5 per cent contraction.

Here’s how the markets look:

Japan’s Nikkei 225 is up 0.37%

China’s Shanghai Composite is up a modest 0.12%

Hong Kong’s Hang Seng is down 0.48%

Australia’s S&P/ASX 200 is down 0.67%

South Korea’s Kospi is closed for a holiday.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.