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Asia-Pacific stocks mixed as China's factory activity expands for the first time in six months

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Asia-Pacific stocks open mixed after China's manufacturing PMI for bounces back to expansion territory.

China's markets are closed for the weeklong Golden Week holiday. South Korean and Hong Kong's markets are also closed for holidays.Over the weekend, U.S. legislators were able to reach a temporary agreement that averted a government shutdown.CNBC Pro: Veteran EM investor Mark Mobius reveals the 2 tech giants that are key to any portfolio

A reading above the 50-point level marks an expansion, while a figure below the 50-mark indicates a contraction. China's non-manufacturing PMI also inched up to 51.7 from a previous reading of 51."Manufacturing conditions across China improved slightly for the second consecutive month in September," the press release stated.

Goldman Sachs is bullish on one sector it describes as the "largest source of renewable energy in the world." "There'll be a lot of unwinding of government shutdown selling from last week, which will be good," he said.A key inflation reading showed price increases slowing in August.Both readings were lower than July, when the core readings were 0.2% and 4.3%. The PCE is the Federal Reserve's preferred inflation dataset.prices hit a high not seen in multiple months in the final trading day of what's shaping up to be the best month since January.

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Asia-Pacific stocks set to dip as China's factory activity expands for the first time in six monthsAsia-Pacific stocks look set for a muted open even after China’s manufacturing PMI for bounces back to expansion territory.
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