Asian markets mixed as China manufacturing picks up

Wednesday, 01. July 2020 07:44

Asian markets were mixed on Wednesday following the release of better-than-expected economic data from China. According to a survey of China factory managers, manufacturing activity picked up in June, indicating a rebound following the coronavirus shutdowns in the world's second-largest economy.

Meanwhile, investors continued to monitor the pandemic as well as the enforcement of Hong Kong's new national security law. Markets in Hong Kong were closed for Establishment Day, which marks the anniversary of the city's transfer to China.

The Nikkei 225 sank 1.10% at 7:17 am CET. At the same time, the Kospi Composite was flat. The Shanghai Composite gained 0.63% at 7:37 am CET, while the Shenzhen Composite declined 0.09%. Australia's S&P/ASX 200 was up 0.35% at the time.

The dollar decreased by 0.29% against the yen to go for 107.613 at 7:40 am CET.

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Author:
Breaking the News / JC