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Asian markets close mostly in green on Tuesday

23 Jun 2015 Evaluate

Asian markets closed mostly in green on Tuesday, boosted by hopes of a last-minute deal on Greece's debt reform as well as data showing Chinese manufacturing activity improving. China’s manufacturing activity contracted for the fourth straight month in June as demand remained sluggish in the world’s second-largest economy. HSBC’s preliminary Purchasing Managers’ Index (PMI) came in at 49.6 in June, the highest in three months but still below the breakeven point of 50. The index, which is compiled by information services provider Markit and tracks activity in factories and workshops, is seen as a key barometer of the country’s economic health. Japanese manufacturing activity contracted slightly in June as new orders fell and output growth slowed in a sign the economy may have lost some momentum. The Markit/JMMA flash Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 49.9 in June from a final 50.9 in May. The index slid below the 50 threshold that separates contraction from expansion for the first time in a month. The output index fell to a preliminary 50.5 in June, following 51.9 in the previous month. New orders fell to a preliminary 49.4 from 50.9 in May, also indicating the first decline in a month. But new export orders rose to 53.6 from a final 50.6 in the previous month. That marked the fastest expansion in four months, suggesting overseas demand is starting to gather strength.


Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

4,576.49

98.13

2.19

Hang Seng

27,333.46

252.61

0.93

Jakarta Composite

4,937.65

-21.60

-0.44

KLSE Composite

1,726.86

-5.90

-0.34

Nikkei 225

20,809.42

381.23

1.87

Straits Times

3,339.78

24.65

0.74

KOSPI Composite

2,081.20

26.04

1.27

Taiwan Weighted

9,391.14

49.37

0.53

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