Asian markets were mixed today (July 1st) despite upbeat data from China.
New figures showed Chinese manufacturing activity picking up, with HSBC's final read on the manufacturing Purchasing Managers' Index displaying its first improvement this year.
Shanghai edged up just 0.10 per cent to 2,050.38. The rate of improvement was "only slight and weaker than the historical average," HSBC told AP.
However, Japan stocks rallied to one-week high, gaining 1.08 per cent, to finish at 15,326.20. The broader Topix index also gained 1.1 per cent.
Australia's S&P/ASX 200 finished down 0.4 per cent at 5,375.90, weighed by financial stocks, while South Korea's KOSPI Composite index fell 0.2 per cent to 1,999.0. Markets in Hong Kong were closed for a public holiday.
Learn about the Asian markets and CFD trading at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.