Asian markets were mixed in early trading Tuesday after a private gauge found China’s manufacturing activity soared to a near-decade high in August.
Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -0.09% dipped 0.1% while Hong Kong’s Hang Seng index /zigman2/quotes/210598030/delayed HK:HSI +0.54% was about flat. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.82% was little changed while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.52% inched up 0.2%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.72% gained 1% and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.08% , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.55% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.62% were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.18% slid 1.9%.
The Caixin China purchasing managers index increased to 53.1 in August, up from 52.8 in July, its highest level since January 2011. Readings above 50 indicate expansion.
On Monday, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.23% and S&P 500 /zigman2/quotes/210599714/realtime SPX -1.84% finished lower, but capped their best August performances in decades. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -1.40% closed at another all-time high.