AFP, Hong Kong :
Asian markets had a mixed start on Monday as Beijing posted manufacturing data that was better than expected, but investors remained cautious ahead of a week-long patriotic holiday in China and after reports last week raised fears of a fresh escalation in its trade war with the US.
China’s factory activity is still underperforming but data released by the National Bureau of Statistics showed a month-on-month rise that exceeded forecasts.
The Asian giant celebrates 70 years since the founding of communist China on Tuesday, with markets taking a break from October 1 to 7, and planned protests in Hong Kong threatening to disrupt the festivities.
Asian markets had a mixed start on Monday as Beijing posted manufacturing data that was better than expected, but investors remained cautious ahead of a week-long patriotic holiday in China and after reports last week raised fears of a fresh escalation in its trade war with the US.
China’s factory activity is still underperforming but data released by the National Bureau of Statistics showed a month-on-month rise that exceeded forecasts.
The Asian giant celebrates 70 years since the founding of communist China on Tuesday, with markets taking a break from October 1 to 7, and planned protests in Hong Kong threatening to disrupt the festivities.
