Asian Equities Ease Ahead of Final Caixin PMI

Asian stocks nursed modest losses early Monday, as weaker energy prices and manufacturing data due out of China kept investors on edge.

Scheduled for release at 0945 SIN/HK, the final China Caixin/Markit purchasing managers’ index (PMI) will likely be closely watched following the miss in the official PMI data.

According to figures released by the statistics bureau over the weekend, growth at big manufacturing firms unexpectedly stalled last month as demand at home and abroad weakened. The official PMI stood at 50.0 in July, compared with the previous month’s 50.2 and below a Reuters’ forecast of 50.2.