Asian stocks rise after China data, Paris equities and euro sink [Video]

Markets rose across Asia on Monday with traders cheered by healthy Chinese data, while the euro and Paris stocks tumbled as a budget standoff in France fuelled concerns about the eurozone’s second-biggest economy.

Traders began the month on the front foot after a rollercoaster ride since Donald Trump’s re-election and warning that he will hit China, Canada and Mexico with hefty tariffs.

They took their cue from New York, where the Dow and S&P 500 both ended at record highs in a holiday-shortened session.

Hong Kong and Shanghai were among the best performers after data showed Chinese manufacturing activity expanded at a faster clip than expected in November.

The purchasing managers index figures provided some hope that the world’s number-two economy was turning a corner after a long-running slowdown, with analysts pointing to a raft of support measures unveiled at the end of September.

“The last two months of PMI …