Asian shares mostly directionless as markets digest weaker-than-expected China PMI

Major Asian indexes were mostly directionless in Monday trade, after geopolitical tensions in the Korean Peninsula ramped up in recent days and markets digested the release of China PMI data.

Japan’s Nikkei 225 edged down 0.05 percent and South Korea’s Kospi was off by 0.25 percent in early trade.

Hong Kong’s Hang Seng Index rose 0.35 percent while mainland markets digested the release of slightly lower-than-expected China PMI data. The Shanghai Composite was flat and the Shenzhen Composite slipped 0.139 percent.

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Posted in: Indian Market Tips