Asian equities decline on China gloomy data

Asian equities decline on China gloomy data

On Tuesday, Asian stocks slumped because traders watched for tax reform developments in America and digested poor manufacturing data from China. Japan's Nikkei 225 stock index stood still being worth 22,380.01 having traded in rather a narrow margin.

Hong Kong's Hang Seng index was intact too, showing 29,177.14. Australia's S&P/ASX 200 lost 0.9% trading at 5,968.70. In South Korea, Kospi decreased 0.2% being worth 2,526.65. As for the Shanghai Composite index, it lost 0.5% trading at 3,429.74. However, equities in Taiwan as well as Southeast Asia mostly grew.

The Standard & Poor's 500 index tacked on 0.1% hitting 2,584.84. The Dow Jones industrial average managed to rally 0.1% trading at 23,439.70. Additionally, the Nasdaq composite acquitted 0.1% reaching 6,757.60. The Russell 2000 index of smaller-company stocks stood still demonstrating 1,475.07. More equities went down than grew on the New York Stock Exchange.

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