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Asian markets trade mixed in early deals

23 Sep 2013 Evaluate

Asian markets were exhibiting mixed trend in early deals on Monday as investors remained wary ahead of readings on manufacturing across Europe, which are due, later on Monday. However, Chinese markets were trading with traction after flash HSBC Purchasing Managers’ Index (PMI) of the country climbed to 51.2 in September, from August’s 50.1, with 10 out of 11 sub-indices up in the month. Dealers had looked for a reading of around 50.9. Meanwhile, new export orders jumped to a 10-month peak of 50.8, the first time in six months that exports have grown.

Shanghai Composite strengthened 17.32 points or 0.79% to 2,209.17, Seoul Composite added 6.00 points or 0.30% to 2,011.58 and Taiwan Weighted was up by 78.32 points or 0.95% to 8,287.50.

On the flip side, Jakarta Composite declined 36.14 points or 0.79% to 4,547.69, KLSE Composite shed 5.54 points or 0.31% to 1,796.29 and Straits Times was down by 22.76 points or 0.70% to 3,214.77. 

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