Monday, 31 July 2017

Asian shares mostly directionless as markets digest weaker-than-expected China PMI

Free Stock Tips

GET FREE STOCK CASH TIPS- FREE TRIALS FOR TWO DAYS- INDIAN STOCK MARKET TRADING RECOMMENDATIONS CLICK HERE AND GET YOUR OFFERS >> http://www.ripplesadvisory.com/free-trial.php

Major Asian indexes were mostly directionless in Monday trade after geopolitical tensions in the Korean Peninsula ramped up in recent days and markets digested the release of China PMI data.

Japan's Nikkei 225 edged down 0.05 percent and South Korea's Kospi was off by 0.25 percent in early trade.

In Australia, the benchmark S&P/ASX 200 index was higher by 0.26 percent, driven by strong showings in its materials sub-index, which was up 1.57 percent.

Hong Kong's Hang Seng Index rose 0.35 percent while mainland markets digested the release of slightly lower-than. The Shanghai Composite was flat and the Shenzhen Composite slipped 0.139 percent.

In China, official manufacturing PMI for July stood at 51.4, compared to a Reuters forecast of 51.6. The July figure was also below June's reading of 51.7. Meanwhile, the official services PMI came in at 54.5 for July, compared to the 54.9 seen in June.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.