China stocks lead Asian indices lower, awful China PMI weighs

FXStreet (Mumbai) – Asian stocks traded in the negative territory tracking negative cues from Wall Street and weak Chinese manufacturing while the recent decline in commodity prices also hampered investors’ sentiment.

The Japanese benchmark Nikkei 225 is losing -0.39% at 20506. While benchmark Australian S&P/ASX 200 index pared trades -0.46% lower at 5674 points, with resources stocks losing the most on the back of weak commodity prices.

While Chinese stocks extends weakness into the third day after the country’s manufacturing gauge hit a two-year low while markets remain wary amid the recent regulatory investigations. Hong Kong’s benchmark Hang Seng index trades -1.08% at 24370 while mainland China’s benchmark Shanghai Composite loses -2.27% now and trades near 3580.

Asian stocks traded in the negative territory tracking negative cues from Wall Street and weak Chinese manufacturing while the recent decline in commodity prices also hampered investors’ sentiment.

(Market News Provided by FXstreet)