After a busy week involving the Federal Reserve, Scotland’s independence vote and the largest initial public offering in U.S. history, traders in Asia will have little on their plate over the next few days.
HSBC’s gauge of Chinese factory activity for September is due on Tuesday. After the bank’s final August reading fell to a three-month low of 50.2, investors will watch to see if the index slips below the 50 level that demarcates expansion from contraction.
The report comes amid rising fears about a correction in China’s real-estate market and heightened calls for Beijing to take more action to boost economic activity. Last week, the People’s Bank of China (PBoC) addressed those calls by cutting the 14-day repo rate by 20 basis points to ease short-term borrowing costs for banks as well as pumping $81 billion into the country’s five largest banks.
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