INQUIRER.net: Asian markets mixed, China factory data underwhelms

INQUIRER.net Philippine News for Filipinos

Asian markets mixed, China factory data underwhelms Feb 1st 2013, 03:18 HONG KONG--Asian markets were mixed Friday, with Tokyo supported by further weakness in the yen, while Hong Kong and Shanghai dipped after official data showed Chinese manufacturing saw a moderate slowdown. Tokyo were up 0.35 percent by the break and Sydney climbed 0.65 percent while Hong Kong shed 0.56 percent, Shanghai slipped 0.34 percent and Seoul eased 0.74 percent. Beijing released official figures Friday showing manufacturing activity had seen a slip last month. The purchasing managers index (PMI) came in at 50.4, down from December's 50.6 and below the 51.0 forecast by economists. A score above 50 indicates an expansion in manufacturing activity. The data represent th... Keep on reading: Asian markets mixed, China factory data underwhelms Media files: asian-markets.jpg (image/jpeg)

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