Leading economic data in China pointed to a revival. Arm Holdings, which carried out the largest public offering of this year, rose 25% on its first trading day. As Brent oil prepares for its third weekly rise, analysts are now talking more about $100. Shares rise after positive China data.
The impact of positive Chinese data is felt in Asia Pacific markets on the new trading day.
American futures indicate that the positive atmosphere will continue. S&P 500 futures are up 0.2 percent. The Australian dollar, the currency of Australia, whose exports depend on Chinese demand, rose 0.4 percent against the dollar after the Chinese data.
Offshore yuan is also appreciating at the same rate against the dollar.
Bloomberg Dollar Index is 0.1 percent negative and at 1,253 points. The US 10- year bond yield fell one basis point to 4.28 percent. An ounce of gold is buying at $1,915, with an increase of 0.2 percent.
Arm rose 25 percent on its first trading day
Shares of chip manufacturer Arm Holdings, which made the biggest public offering of this year, rose 25 percent on the first trading day.
The company, which was offered to the public at the upper band price of 51 dollars due to intense demand, closed the day at 63.59 dollars. Including restricted shares, the company’s market value reached $68 billion.
The company, which plays an important role in the chip supply chain, allocated more than $700 million worth of shares to customers such as Intel, Apple, Nvidia, Samsung and TSMC. Shares of Softbank, which owns 90 percent of Arm Holdings, increased by 2 percent in Asia.