Asian stocks opened lower across the board early Tuesday following an unimpressive lead from Wall Street and as traders hold their breath ahead of economic data from the world’s second-largest economy.
Due at 0945/SIN/HK, China’s HSBC flash manufacturing purchasing managers’ index (PMI) for March will shed light on the state of the Asian economic giant after the People’s Bank of China cut interest rates on February 28.
Last month, the final HSBC/Markit Purchasing Managers’ Index (PMI) climbed to 50.7 – the strongest level since July – while the country’s official survey remained a whisker below the 50-point level, which separates growth from contraction, at 49.9.
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