What do you believe is the single most important factor driving up the cost of living in Nigeria?

Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China.

Stocks in mainland China surged over 8% for its best day in 16 years while Japan's Nikkei 225 tumbled 4.8% on Monday as investors assessed key economic data from the two countries.

Mainland China's CSI 300 rallied 8.48%, powered by health-care and tech stocks and closing at 4,017.85. This marks a nine-day winning streak, its best day since September 2008 and its highest point since August 2023.

China's official purchasing managers' index reading for September came in at 49.8, better than the 49.5 expected by economists polled by Reuters. However, this marked a fifth straight month of contraction for the manufacturing sector in China.

The Caixin PMI survey, which is a private survey compiled by S&P Global, reported that the manufacturing PMI fell to 49.3 from 50.4 in September, lower than the 50.5 expected from the Reuters poll.

The Caixin survey also marked the fastest decline in the manufacturing in 14 months.

• Read More