Asian Equities Remain Lower after China PMI

Asian share markets took a turn lower on Monday after a survey of Chinese manufacturing disappointed, while the simmering conflict in Ukraine kept gold and bonds well bid.

Early gains evaporated when HSBC’s final reading of its April PMI eased back to 48.1 from an initial 48.3, though it was still up a tick on March.

At least the services industry fared better, according to a separate official PMI released on Saturday. That measure rose to 54.8 in April from 54.5 in March, the National Bureau of Statistics said.

Reuters

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