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Asia Pacific stocks set to trade lower; private survey of Chinese manufacturing activity ahead

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A private survey of Chinese manufacturing activity in August is expected to be released on Tuesday, with the Caixin/Markit manufacturing Purchasing Managers' index (PMI) for August set to be out at around 9:45 a.m. HK/SIN.

The Reserve Bank of Australia is also set to announce its interest rate decision at about 12:30 p.m. HK/SIN on Tuesday.

Stocks in Asia Pacific were set to open lower on Tuesday as investors await the release of a private survey of Chinese manufacturing activity in August. Futures pointed to a lower open for stocks in Japan. The Nikkei futures contract in Chicago was at 23,035 while its counterpart in Osaka was at 23,080. That compared against theShares in Australia were also poised to dip, with the SPI futures contract at 5,972.0, as compared to theOn the economic data front, the Caixin/Markit manufacturing Purchasing Managers' index for August is set to be out at around 9:45 a.m. HK/SIN on Tuesday. On Monday, China'scame in at 51.

PMI readings above 50 signify expansion, while those below that figure indicate contraction. PMI readings are sequential and indicate on-month expansion or contraction.is also set to announce its interest rate decision at about 12:30 p.m. HK/SIN on Tuesday.changed hands at $0.7378 following a rise yesterday from levels around $0.735.

 

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Asia Pacific stocks set to trade mixed; China's August manufacturing activity data aheadChina's official manufacturing Purchasing Managers' Index for August is set to be released at around 9:00 a.m. HK/SIN on Monday.
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