Asia-Pacific markets trade mixed ahead of Chinese PMI data
Regional investors are monitoring China's manufacturing activity figures, with RatingDog releasing October PMI numbers today.
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Asia-Pacific financial markets displayed mixed trading patterns following positive US stock performance on Friday. Investors closely examined China's October manufacturing data. RatingDog's PMI reached 50.6, falling short of economists' 50.9 forecast and September's 51.2.
China's National Bureau of Statistics reported a more concerning 49.0, marking a six-month low. PMI readings below 50 indicate economic contraction, suggesting manufacturing sector challenges. These indicators are crucial as they reflect industrial production and business confidence.
Despite economic uncertainties, China continues investing in electric vehicle manufacturing and green technology.
Original Article
cnbc.comhttps://www.cnbc.com/2025/11/03/asia-pacific-markets-trade-mixed-ahead-of-pmi-data-from-china.html