China's manufacturing industry springs up as it surpasses expectations improving September performance and pushing Asian markets higher this Tuesday. The recent upward spike also assured dealers about the economic climate of the region. 

The dollar went down after a rally. On Wall Street, the Dow rallied down after putting in another record by the conclusion of the week. Some of the gainers include: Hong Kong at 0.10 percent, Sydney at 0.26 percent, Seoul at 0.32 percent and Shanghai at 0.43 percent. 

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Tokyo was not open because of a public holiday. 

Purchasing managers index (PMI) also changed. HSBC's preliminary reading on September's manufacturing activity posted at 50.5 as opposed to 50.2 last August. This is a good indication as anything past 50 marks growth while anything lower suggests contraction. 

Analysts predicted figures to be sub-50. However, the latest results came as a surprise because the industry was bugged down with weak trade and output data recently. HSBC pointed out that the subindexes on orders are also showing strong performance. 

HSBC economist Qu Hongbin explained the situation: "Economic activity in the manufacturing sector showed signs of stabilisation in September." 

"Overall the data still point to modest expansion. The property downturn remains the biggest downside risk to growth," the economist added in the statement. 

The results also relieved markets as Wall Street saw a series of early trades and losses recently. 

The Dow went down 0.62 percent after posting record high last Friday. Present US home sales fell in August despite gaining momentum for four consecutive months. Fed rate hike heralded a gloomy outlook after news broke out. 

Nasdaq fell 1.14 percent with S&P 500 tumbling down 0.80 percent. The dollar relaxed starting with New York's 108.94 yen to 108.67 yen. Federal Reserve's hint about rising interest rates more than the forecast drove past 109 yen. The hike will eventually happen in mid-2015. Some economists still think that it should ease up and go past 100 yen in the future.

Tagschina data, HSBC, Wall Street