Asian equities are mixed with China down notwithstanding sold manufacturing PMI

Asian equities are mixed with China down notwithstanding sold manufacturing PMI

On Thursday, Asian shares were quite mixed, with a firm manufacturing PMI from China dipping to lift Shanghai or Hong Kong, although other financial markets managed to gain on local data sets.

The Shanghai Composite went down 0.65%, the Hang Seng index sagged 0.56%.

In China, August’s official manufacturing Purchasing Managers' Index hit 51.7, surpassing hopes, as Tuesday’s data disclosed.

Experts surveyed by Reuters actually expected China to report official PMI of 51.3 for August, a minor dip from July’s reading of 51.4.

Japan’s provisional industrial output slumped 0.8% for July, which is more than a 0.5% sag expected. The Nikkei 225 leapt 0.74%.

Additionally, Toshiba's try to sell its memory chip unit turned to be in the spotlight right after Reuters announced a consortium headed by Bain Capital had rolled out a last-minute bid of about $18 billion.

Overnight, American equities concluded higher, buoyed by reports showing the US economy is still on track to demonstrate sturdy surge in the third quarter, thus raising investor sentiment on riskier assets.

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera