Asia trades mixed, China March manufacturing PMI reveal improvements

Asian Market 1
Asia traded mostly higher on the last day of March, as investors digested a mixed set of economic data out of east Asia.

Japan’s Nikkei 225 was up 0.59 percent, supported by the weaker yen.

Japan’s core consumer prices rose 0.2 percent in February year-on-year, marking the fastest growth in nearly two years. But household spending fell 3.8 percent in February from a year earlier, missing estimates for a 1.7 percent fall. Meanwhile, Japan’s February jobless rate declined to 2.8 percent, its lowest rate since June 1994, and marked an improvement in the labor market.

In South Korea, the Kospi was up 0.06 percent, after the country’s February factory output fell 3.4 percent from the previous month, the worst in over 8 years. A Reuters poll had expected industrial output for last month to be flat.

A South Korean court approved a warrant to arrest ousted President Park Geun-hye, over accusations of bribery and abuse of power.

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