Shares in Asia mainly weaker as China manufacturing facilitates

China's manufacturing

Shares in Asia mainly dropped on Monday following weak reports on Chinese manufacturing highlighted development uncertainties, but also raised anticipation of economic easing by Beijing.

In China, the HSBC January manufacturing PMI us appears in at 49.7, lower than the flash calculation of 49.8.

“Both new-export orders and new orders saw sliding corrections but still indicated marginal growth,” said Hongbin Qu, chief economist, China and joint head of Asian economic research at HSBC. “We assume demand in the manufacturing sector remains weak and more violent financial and economic easing measures will be required to prevent another sharp delay in growth.”

At the weekend, China whispered January CFLP manufacturing PMI dropped to 49.8 from 50.1 in December, placing it in slimming-down even as the timing of the Chinese New Year festival this year relative to last should have enhanced the January reading.

The Hang Seng index dropped by 0.45%, although the Shanghai Composite facilitates by 1.59% and the Nikkei 225 expanded slightly by 0.54%.

U.S. stocks were inferior after the close on Friday, as losses in the Consumer Goods, Utilities and Technology sectors lead shares lower.

At the close in New York, the Dow Jones Industrial Average dropped by 1.45%, while the NASDAQ Composite index dropped by 1.03% and the S&P 500 index dropped 1.30%.

This week, investors will be turning their consideration to Friday’s U.S. nonfarm payrolls report for further signals on the strength of the recovery in the labor market.

On Monday, in the euro zone, Spain is to publish report on the change in the number of people employed. And The U.K. is to release its manufacturing reports too.

In the U.S., the Institute of Supply Management (ISM) is to publish report on manufacturing movement. The country will also produce a data on individual income and expenses.

Shares in Asia mainly dropped on Monday following weak reports on Chinese manufacturing highlighted development uncertainties, but also raised anticipation of economic easing by Beijing. In China, the HSBC January manufacturing PMI us appears in at 49.7, lower than the flash calculation of 49.8. "Both new-export orders and new orders saw sliding corrections but still indicated marginal growth," said Hongbin Qu, chief economist, China and joint head of Asian economic research at HSBC. "We ...
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