June 24, 2024

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Comprehensive up-to-date news coverage, aggregated from sources all over the world

Australian shares drop 2%, China leads Caixin PMI

Australian shares drop 2%, China leads Caixin PMI

An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on January 13, 2022.

Toru Hanai | Bloomberg | Getty Images

Shares in the Asia-Pacific region are trading lower on Thursday as investors await the results of a special survey on factory activity in China.

in Australia , S & P / ASX 200 It fell by 1.98%, and the Australian dollar fell to $0.6811.

Japan Nikkei 225 The Topix Index is down 1.54%, and the Topix Index is down 1.3%.

The Cosby In South Korea it fell 1.53% and the KOSDAQ index lost 0.9%.

Hong Kong Hang Seng Index It was 1.1% lower, and in mainland China, it was Shanghai boat It rose 0.17% after opening lower, while Shenzhen Component It also rose by 0.56%.

MSCI’s broadest index of Asia Pacific shares outside Japan fell 1.4%.

China’s Caixin/Market Manufacturing PMI for August released on Thursday showed that the sector is sliding into contraction this month.

This follows official manufacturing PMI data released on Wednesday Show that factory activity has shrunk Amid a recent spike in Covid infections, the nation is facing its worst heatwave in decades.

Overnight in the US, major stock indexes rose earlier in the session, but closed lower for the fourth consecutive day.

The Dow Jones Industrial Average fell 280.44 points, or nearly 0.9%, to 3,1510.43. The S&P 500 fell about 0.8% to end the day at 3,955, and the Nasdaq Composite fell about 0.6% to 11816.20.