Asian stocks rised excluding India

While the Manufacturing Industry Purchasing Managers Index (PMI) in Japan rose to 52.7, it fell to 49.2 in China, well below expectations. Thus, China's manufacturing industry PMI data pointed to a contraction in the sector for the first time since April 2020.

With these developments, Shanghai composite index in China increased by 0.65 percent to 3,567 points, and Kospi index in South Korea increased by 0.24 percent to 3,207 points.

While the Nikkei 225 index in Japan closed at 28,451 points with an increase of 1.29 percent, the dollar/yen parity is at 110.35, just 0.3 percent above the previous closing level. The Hang Seng index is at 26,000 points with a premium of 0.47 percent.