Asian markets close in red on weak Chinese PMI

23 Apr 2013 Evaluate

Asian markets closed in red on Tuesday on fresh data showing Chinese manufacturing activity expanded at a slower rate in April. Japan’s Nikkei ended lower on the back of profit-taking and a pick-up in the yen against dollar. Shanghai Composite closed lower, recording worst daily loss in nearly a month after a preliminary version of HSBC’s manufacturing Purchasing Managers’ Index slipped to a two-month low of 50.5 in April, compared with a final reading of 51.6 in March. Hong Kong market went home with red mark as commodity producers suffered selling.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,184.54	-57.63	-2.57
Hang Seng	21,806.61	-237.76	-1.08
Jakarta Composite	4,975.33	-21.59	-0.43
KLSE Composite	1,700.39	-6.29	-0.37
Nikkei 225	13,529.65	-38.72	-0.29
Straits Times	3,284.35	-24.57	-0.74
KOSPI Composite	1,918.63	-7.68	-0.40
Taiwan Weighted	7,942.77	-27.61	-0.35

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