Asian stocks fell today (October 24th) on investors' concerns over Ebola and China.
New China data showed new home prices fell 1.3 per cent on year in September, the first annual drop in nearly two years.
This comes after HSBC's factory purchasing managers index rose to 50.4 in October in China from 50.2 the previous month, but the output sub-index slipped to a five month low. "While the manufacturing sector likely stabilised in October, the economy continues to show signs of insufficient effective demand," HSBC said.
Meanwhile, a doctor in New York tested positive for the Ebola virus, the New York Times reported early today, after returning from West Africa last week.
Tokyo closed up 1.01 per cent at 15,291.64, due to the US dollar's rise against the yen. Seoul fell 0.31 per cent to finish at 1,925.69. Japan’s Topix (TPX) index rose 0.8 per cent, while Australia’s S&P/ASX 200 Index added 0.5 per cent. Hong Kong’s Hang Seng Index fell 0.1 per cent.
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