• Asian Stocks close: stocks closed slightly higher after the manufacturing purchasing managers’ index from China

Market news

1 September 2014

Asian Stocks close: stocks closed slightly higher after the manufacturing purchasing managers’ index from China

Asian stock indices closed slightly higher after the manufacturing purchasing managers' index from China. Chinese manufacturing figures missed analysts' expectations. China's manufacturing purchasing managers' index fell to 51.1 in August from 51.7 in July, missing expectations for a decline to 51.2.

China's final HSBC manufacturing purchasing managers' index decreased to 50.2 in August from 50.3 in July, in line with expectations.

Investors speculate China may add more stimulus measures.

Capital spending in Japan rose 3.0% in the second quarter, after a 7.4% increase in the first quarter.

Escalating tensions over Ukraine continued to weigh on markets.

Indexes on the close:

Nikkei 225 15,476.6 +52.01 +0.34%

Hang Seng 24,752.09 +10.03 +0.04%

Shanghai Composite 2,235.51 +18.31 +0.83%

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.