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Asia-Pacific stocks mostly slip as data shows China factory activity growth slowed in August

SINGAPORE — Shares in Asia-Pacific mostly slipped in Tuesday morning trade, as data showed slowing Chinese factory activity growth in August.

In mainland China, the Shanghai composite fell 0.28% while the Shenzhen component shed 0.236%.

China’s factory activity grew at a slower pace in August as compared with the previous month, data released Tuesday showed. The official manufacturing Purchasing Managers’ Index for August came in at 50.1, against July’s reading of 50.4.

PMI readings above 50 represent expansion, while those below that level signal contraction. PMI readings are sequential and represent month-on-month expansion or contractions.

Hong Kong-listed shares of Tencent and Netease fell 1.98% and 3.87%, respectively, in Tuesday morning trade. That came after new rules published Monday by China’s National Press and Publication Administration showed plans to limit the time that those under 18 years spend playing video games to just three hours a week.

Hong Kong’s broader Hang Seng index dropped 0.5%.

In Japan, the Nikkei 225 shed 0.1% while the Topix index declined 0.27%. South Korea’s Kospi dipped 0.15%.

Elsewhere, the S&P/ASX 200 in Australia outperformed as it edged 0.17% higher.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.33% lower.

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Overnight stateside, the S&P 500 edged 0.43% higher to 4,528.79 while the tech-heavy Nasdaq Composite gained 0.9% to 15,265.89. The Dow Jones Industrial Average lagged, dipping 55.96 points to 35,399.84.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.666 after its decline last week from above 93.0.

The Japanese yen traded at 109.86 per dollar, weaker than levels below 109.8 seen against the greenback yesterday. The Australian dollar was at $0.7297, largely holding on to gains after its climb from below $0.72 last week.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.56% to $73 per barrel. U.S. crude futures declined 0.53% to $68.84 per barrel.

— CNBC’s Arjun Kharpal and Lauren Feiner contributed to this report.

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