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Asian stocks dip on weak China PMIs; Nikkei rises on dovish BOJ

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Asian stocks dip on weak China PMIs; Nikkei rises on dovish BOJ

Investing.com-- Most Asian stocks fell on Tuesday tracking weaker-than-expected business activity readings from China, although the Nikkei reversed most early losses after the Bank of Japan struck a less hawkish tone than markets were expecting.index lost 1% as the data showed that recent stimulus measures from Beijing had provided only a limited boost to Chinese businesses.

Weakness in Chinese markets spilled over into broader Asia, given the country’s role as a key trading hub for the region. Concerns over China also largely offset a strong overnight lead-in from Wall Street, which benefited from a resurgence in technology stocks. Focus this week is also on key quarterly earnings from iPhone maker Apple Inc will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well.

 

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