Supported by improving Chinese manufacturing data, Asian shares recuperated from previous day’s heavy losses. China's manufacturing output in July grew at its fastest pace in nine months, helping lift an index of activity in the country's overall factory sector to its highest level since February and suggesting pro-growth government policies are having an impact. However, markets remained cautious after ratings agency Moody's downgraded its outlook for Germany, delivering a stark warning that not even Europe's largest and most pivotal economy was immune from the rolling crisis.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,146.59 | 5.19 | 0.24 |
Hang Seng | 18,903.20 | -150.27 | -0.79 |
Jakarta Composite | 3,992.11 | -17.68 | -0.44 |
KLSE Composite | 1,632.57 | -3.60 | -0.22 |
Nikkei 225 | 8,488.09 | -20.23 | -0.24 |
Straits Times | 2,998.44 | 15.95 | 0.53 |
KOSPI Composite | 1,793.93 | 4.49 | 0.25 |
Taiwan Weighted | 7,008.35 | -20.38 | -0.29 |