Arab Today, arab today asian shares mixed after china data surprises
Last Updated : GMT 08:46:22
Arab Today, arab today
Arab Today, arab today

Asian shares mixed after China data surprises

Arab Today, arab today

Arab Today, arab today Asian shares mixed after China data surprises

Asia's markets
Hong Kong - AFP

Asia's markets were mixed Tuesday after a gauge of Chinese manufacturing beat expectations to show a pick-up in September, providing some respite for dealers concerned about the economic giant.
The dollar retreated following a recent rally, while on Wall Street the Dow edged down after clocking another record at the end of last week.
Shanghai jumped 0.87 percent, or 19.85 points, to 2,309.72 and Sydney closed up 0.98 percent, or 52.7 points, at 5,415.7 while in late trade Hong Kong was flat.
However, Seoul fell 0.51 percent, or 10.36 points, to 2,028.91.
Tokyo was closed for a public holiday.
HSBC said a preliminary reading for its purchasing managers' index (PMI) of manufacturing activity for this month came in at 50.5, up from 50.2 in August. Anything above 50 indicates growth and anything below means a contraction.
The figures surprised analysts, who had been bracing for a sub-50 reading following a weak batch of output and trade data recently. Adding to the upbeat news, HSBC also said key sub-indexes on orders were also strong.
"Economic activity in the manufacturing sector showed signs of stabilisation in September," HSBC economist Qu Hongbin said in a statement.
"Overall the data still point to modest expansion. The property downturn remains the biggest downside risk to growth," Qu said.
Desmond Chua, market analyst at CMC Markets in Singapore, told AFP: "What we are seeing with the Chinese PMI numbers is a strong rebound when analysts had actually priced in a possible contraction.
"The numbers released today bring about some sense of optimism as new orders and new exports in China saw marked improvement."
The report came as a relief to markets, which had been broadly lower in early trade following losses on Wall Street Monday.
- Dollar rally hits bump -
The Dow retreated 0.62 percent from Friday's record high, on profit-taking as data showed an unexpected fall in US existing home sales in August, after four straight months of gains. The news dampened the outlook for a Fed rate rise.
The S&P 500 fell 0.80 percent and the Nasdaq tumbled 1.14 percent.
In foreign exchange trade the dollar eased to 108.64 yen  from 108.94 yen in New York.
The greenback last week hit highs above 109 yen not seen since August 2008 after the Federal Reserve hinted that interest rates could rise further than expected when they are eventually increased, probably in mid-2015.
However, while the currency is seeing mild selling, economists predict it will breach 110 yen soon.
The euro bought $1.2856 and 139.66 yen against $1.2850 and 139.78 yen.
The single currency is facing pressure after European Central Bank chief Mario Draghi said it is ready to pump more liquidity into the financial system but needed time to achieve the full effect.
While Draghi noted that the eurozone economy was hobbling, he said the central bank would keep its easy monetary policy in place for some time to come.
On oil markets US benchmark West Texas Intermediate for November delivery rose 40 cents to $91.27 while Brent crude for November gained 30 cents to $97.27 in afternoon trade.
Gold was at $1,216.52 an ounce against $1,213.14 an ounce late Monday.
In other markets:
-- Taipei shed 0.54 percent, or 49.75 points, to end at 9,084.90.
Taiwan Semiconductor Manufacturing Co closed 0.41 percent higher at Tw$122.5, while leading chip design house MediaTek shed 4.25 percent to Tw$473.0.
-- Wellington rose 0.10 percent, or 5.15 points, to 5,241.44.
Contact Energy was up 1.03 percent at NZ$5.91 and Spark added 0.50 percent to NZ$3.03.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares mixed after china data surprises Arab Today, arab today asian shares mixed after china data surprises

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday