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Sept. 1, 2020, 12:20 a.m. EDT

Asian markets mixed after better-then-expected Chinese manufacturing data

Stocks in Tokyo and Hong Kong little changed

By Marketwatch


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An employee works on the production line of the Swire Coca-Cola Beverages Hubei Limited in Wuhan, China.

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 (NIKKEI:JP:NIK)   dipped 0.1% while Hong Kong’s Hang Seng index (HONG:HK:HSI)   was about flat. The Shanghai Composite (SHG:CN:SHCOMP)   was little changed while the smaller-cap Shenzhen Composite (SHENHZEN:CN:399106)   inched up 0.2%. South Korea’s Kospi (KOREA:KR:180721)   gained 1% and benchmark indexes in Taiwan (TAIWAN:TW:Y9999)  , Singapore (SES:SG:STI)   and Indonesia (INDONESIA:ID:JAKIDX)   were mixed. Australia’s S&P/ASX 200 (S&P:AU:XJO)   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 (DOW:DJIA)   and S&P 500 (S&P:SPX)   finished lower, but capped their best August performances in decades. The Nasdaq Composite (AMERICAN:COMP)  closed at another all-time high.

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