Asian Market Updates

Asian Stocks Reflect The Drop In Chinese PMI Readings

Stock markets in Asia mostly ended in the red on Thursday, as sentiment was dampened amidst a drop in China's PMI readings. Both manufacturing and services PMIs swung to contraction territory amidst a harsh lockdown to combat the Covid-19 outbreak.

China's Shanghai Composite Index lost 14.39 points or 0.4 percent to finish at 3,252.20. The day's trading ranged between 3,246.06 and 3,272.04. The Shenzhen Component Index plunged more than a percent to close at 12,118.25.

Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Already subscribed? Sign in

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Asian Market Updates