(MENAFN– ecpulse)
Asian stocks swung today amid the recent mixed economic data, where Chinese manufacturing PMI unexpectedly slid, while South Korea’s expansion supported its won to a two month low today, while Aussie fall on recent drop in China’s manufacturing PMI index reading.
Moreover, Japan’s Topix Index rose a third day, jumping 0.3% as the MSCI Asia Pacific Index dropped 0.2% amid declines in Australian and Korean shares. Standard & Poor’s 500 Index futures gained 0.2%. Copper futures decreased 0.3% after the metal fell yesterday while gold and silver lost at least 0.1%.
Australia’s S&P/ASX 200 Index dropped 0.2% in a second day of declines and the Kospi Index (KOSPI) in Seoul sank 0.6%.
The South Korean economy expanded 0.9% last quarter from the previous three months, in line with economists’ estimates though down from 1.1% growth in the third quarter.
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