Most of the Asian equity indices were trading in the negative terrain as sentiments got dampened after China manufacturing data missed estimates. China’s official purchasing managers’ index (PMI) came in at 50.4 in January, slightly lower than December’s 50.6 but still indicating an expansion in activity. The data will be followed by trade and inflation figures at the end of next week. However, weaker yen continued to boost Japanese stocks. The Japanese currency fell more than 5 per cent against the greenback in January alone.
Shanghai Composite slipped 0.40 points or 0.02% to 2,385.02, Hang Seng declined 105.01 points or 0.44% to 23,624.52, Straits Times dropped 2.18 points or 0.07% to 3,280.48, KOSPI Composite decreased 5.78 points or 0.29% to 1,956.16 and Taiwan Weighted was down by 5.81 points or 0.07% to 7,844.21.
On the flip side, Jakarta Composite surged 55.81 points or 1.25% to 4,509.52 and Nikkei 225 was up by 43.50 points or 0.39% to 11,182.16.
KLSE Composite remained close for trade today.
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