Hang Seng Dips On Economic Survey Release
Date
7/24/2023 8:06:41 AM
(MENAFN- Baystreet.ca)
Hang Seng Dips on Economic Survey Release
Advertisment
Asia-Pacific markets were mixed on Monday as investors digested key economic data from across the region.
In Japan, the NIKKEI 225 index leaped 396.69 points, or 1.2%, to 32,700.94. Japan's business activity expanded for a seventh straight month, with the purchasing managers index from the au Jibun bank unchanged from June's figure of 52.1.
In Hong Kong, the Hang Seng thundered lower 407.11 points, or 2.1%, to 18,668.15, dragged mainly by real estate Stocks and led losses in the region.
Hong Kong-listed shares of Country Garden was down by nearly 7%, its lowest level since early November. Its property services arm Country Garden Services plunged more than 15%.
Australian markets fell marginally, after the country saw flash estimates for its composite PMI in July fall into contraction territory for the first time since March.
CHINA
In China, the CSI 300 sank 16.69 points, or 0.4%, to 3,805.22.
Chinese property stocks tumbled on Monday, led by shares of Country Garden which sank to its lowest in more than eight months on renewed debt fears for Chinese real estate developers.
In other markets
In Singapore, the Straits Times Index gave back 13.16 points, or 0.4%, to 3,265.14.
In Korea, the Kospi Index jumped 18.77 points, or 0.7%, to 2,628.53.
In Taiwan, the Taiex index faded 2.37 points to 12,603.
In New Zealand, the NZX 50 jumped 77.79 points, or 0.7%, to 12,018.23.
In Australia, ASX 200 slid 7.48 points, or 0.1%, to 7,306.41.
MENAFN24072023000212011056ID1106659930
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.