The index of business activity in industrial sector of China in October rose by 1.1 points in comparison with September, to 48.3 points. The value below 50 indicates a slowdown in activity.
MOSCOW, 2 Nov. Stock markets in the Asia-Pacific region (APR) show a predominantly negative trend on Monday amid weak statistics on industrial production in China, according to data exchanges.
As at 06.40 Moscow time the index of Shanghai stock exchange Shanghai Composite fell 0.09% to 3379,64 item. Index of Shenzhen stock exchange Shenzhen Composite index grew by 1.17% to 2038,52 item. Hong Kong’s Hang Seng Index fell by 0.37% to 22557,36 item.
The Australian S&P/ASX 200 decreased by 1.22%, reaching 5175,5 item. Korean KOSPI rose by 0.19%, reaching 2033,41 item. The Japanese Nikkei 225 has decreased on 1,87%, to 19725,74 item.
According to an independent survey Caixin and Markit Economics, the index of business activity (PMI) in the industrial sector of China in October amounted to 48.3 vs 47.2 points in September. PMI is a survey of purchasing managers in industry. A value below 50 is an indicator of slowing activity, while a higher acceleration. Thus, the PMI index in industry of China for the eighth successive month below 50 points, the newspaper notes.
“Production is likely to remain weak as China tries to rebalance its economy from production to services”, — said the Agency France Presse a strategist at Patersons Securities Pty Ltd. Tony Farnham (Tony Farnham).