Asian stocks kicked off February with a cautious tone as the Bank of Japan’s sudden policy easing ignited more buying, but investors guarded their positions on clues of economic downfall in China and a decline in oil prices.
The MSCI Asia Pacific Index increased 0.1% after it lost 8% in January. The Shanghai Composite Index slipped over 2%.
Manufacturing sector activity in China missed market projections, narrowing at its fastest pace in almost three-and-a-half years last month.
The material has been provided by InstaForex Company – www.instaforex.com
Asian stocks kicked off February with a cautious tone as the Bank of Japan’s sudden policy easing ignited more buying, but investors guarded their positions on clues of economic downfall in China and a decline in oil prices.
The MSCI Asia Pacific Index increased 0.1% after it lost 8% in January. The Shanghai Composite Index slipped over 2%.
Manufacturing sector activity in China missed market projections, narrowing at its fastest pace in almost three-and-a-half years last month.
The material has been provided by InstaForex Company – www.instaforex.com
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