Asia PMI's A Mixed Bag, China Outperforms

From marketpulse.com

We have had a veritable smorgasbord of Markit August PMI’s from across Asia released today, culminating with China’s Caixin August PMI, coming in higher at 50.4, back in expansion territory. It was in contrast to the pan-Asia PMI releases earlier today that all came in lower than expected. The China release has mollified the earlier negative sentiment in Asian markets with Shanghai slightly higher in opening trade. The divergence in results though will leave lingering worries that the positive China result was an aberration. Asia has a packed data calendar today before the week’s main events. We have rate ... (full story)