Epic Research Update : Asian Markets

Mainland equities lost 3 percent on Monday while Dow futures tanked 200 points on reports that Beijing may finally halt its controversial market intervention.
China’s benchmark Shanghai Composite snapped a two-day winning streak while Hong Kong shares slipped 0.5 percent. Attention was on Beijing’s official August purchasing manager’s index (PMI) that follows large state-owned firms, due on Tuesday. A Reuters poll expects manufacturing activity likely hit a three-year low at 49.7,
Japan’s benchmark index fell below the 19,000 level in early trade, retreating from Friday’s one-week closing high.
South Korean stocks snapped a four-day winning streak and moved off a nine-day closing high hit last week. Disappointing economic data exacerbated the mood, with July industrial output declining 0.5 percent on month.
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Posted in: Indian Market Tips