Thursday, November 20, 2014

Asian Market Update : Epic Research Singapore

Asian markets mostly fell on Thursday after another round of weak manufacturing data underlined the slowdown in China's economy while minutes from the US Federal Reserve's latest meeting gave few hints about its plans for interest rates.

Further losses in the yen to multi-year lows against the dollar and euro were not enough to lift Tokyo's Nikkei after this week's surprise news that Japan had slipped into recession.

Tokyo was flat, Hong Kong edged up 0.10 per cent, Shanghai eased 0.15 per cent and Seoul was 0.61 per cent lower, while Sydney lost 0.36 per cent.

Preliminary figures from British banking giant HSBC Thursday indicated manufacturing activity in China was stagnant in November. Its purchasing managers index (PMI) came in at 50. Anything above that points to growth and a figure below suggests contraction.

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