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Asia-Pacific stocks fall even as China’s factory activity expands for the first time in six months

Asia-Pacific stocks fall even as China’s factory activity expands for the first time in six months

27 tháng 8 2024・ 04:06

Asia-Pacific stocks fell even after manufacturing data out of China bounced back to expansion territory.

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China’s factory activity in September expanded for the first time since April, according to official data over the weekend. China’s PMI climbed to 50.2 in September from 49.7, beating Reuters’ expectations of 50.0.

China’s markets are closed for the weeklong Golden Week holiday. South Korean and Hong Kong’s markets are also closed for holidays.

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Japan’s Nikkei 225 traded 0.31% lower to close at 31,759.88, while the Topix slipped 0.39% to end at 2,314.

Sentiment of Japan’s big manufacturers improved to a score of 9 in the third quarter, up from 5 in the previous three months, the closely-watched central bank tankan survey showed.

Australia’s S&P/ASX 200 was down 0.22% to end at 7,033.2.

On Friday in the U.S., the three major indexes were mixed. The Dow and S&P 500 finished the session lower by 0.5% and 0.3%, respectively, capping off a negative week for the two indexes. The Nasdaq Composite finished up 0.1%.

Over the weekend, U.S. legislators were able to reach a temporary agreement that averted a government shutdown.

(CNBC’s Alex Harring contributed to this report.)

 

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