Managers Index: Points and Chinese Manufacturing

managers index: The index slid 115.23 points Friday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange finished 15.13 points, or 0.89 percent, higher at 1,714.49 following an 8.70-point drop Friday, according to The Japan Times. The market climbed immediately after the opening bell as market players were heartened by the Chinese manufacturing purchasing managers' index for November, announced Saturday, which exceeded the boom-or-bust dividing line of 50 for the first time in seven months, signaling an upturn in the Chinese economy, brokers said. The Nikkei advanced 235.59 points, or 1.01 percent, to end at 23,529.50, the highest finish since Oct. 5, 2018. A rise in Nikkei futures prices and a slight weakening of the yen against the dollar also supported the market's underside, they said. A sense of relief spread among investors as the PMI indicated signs of a recovery in the Chinese economy, Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management Co., said. Aided by a rise in Chinese stocks, both the Nikkei and Topix remained in positive territory for the rest of the day. (news.financializer.com). As reported in the news.