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Asia stocks set to slip as investors await private survey of China's manufacturing activity

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The Caixin/Markit Manufacturing Purchasing Managers' index for March is set to be out on Wednesday morning, which could provide further clues to the economic impact of the coronavirus outbreak in China.

Meanwhile, shares in Australia rose in early trade, with theInvestors will await the release of the Caixin/Markit Manufacturing Purchasing Managers' index for March, a private survey of China's manufacturing activity. It's set to be out at about 9:45 a.m.

HK/SIN, which could provide further clues to the economic impact of the coronavirus outbreak in China., indicating an expansion and defying expectations of a contraction. Analysts polled by Reuters had expected the figure to come in at 45 for the month. PMI readings below 50 signify a contraction, while figures above that level indicate an expansion.

 

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CAIXIN data will be interesting but no idea if it will be as independent as you'd like?

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Asia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemicInvestors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to data compiled by John Hopkins University.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »