- MarketPulse - https://www.marketpulse.com -

Asian Equities Ease after Poor U.S. Finish

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.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

marketpulsefxstaff

Latest posts by marketpulsefxstaff (see all [4])