Asian stocks were seen mainly falling on Friday as the strong Chinese manufacturing activity data failed to boost sentiment.
The Japanese Nikkei 225 index fell 0.63%, closing at 15,523.11, while Tokyo’s Topix index gained 0.63% to 1,281.30.
The Japanese ceramics company NGK Insulators rallied 10.94% after the company posted a rise in its net profit outlook for the full year. While shares in Sony climbed 4.97% after the PlayStation game consoles makers reported its second-quarter profit.
On the downside, the machine tool builder Okuma slid by more than 7%, while Yahoo Japan slumped 6.6% to 422 yen after the internet portal reported flat operating profit.
China
Hong Kong’s Hang Seng index edged 0.44% lower to 24,648.02 at the time of writing, while the Chinese mainland Shanghai composite rose 0.53% to 2,213.13.
In China, the property developer Cheung Kong sank 4.4% to HK$1.44.10, as the company said its net income rose to HK$21.3 billion from HK$13.4 billion from the previous year. China Rongsheng Heavy Industries slid 3.2% to HK$1.53 after the shipbuilder said its expecting an increase in the net loss for the next six months ending June due to order cancellations.
The manufacturing activity for China grew at a faster pace than expected, as the manufacturing purchasing managers’ index rose to 51.7 points in July, from 51 points recorded in the previous month, according to data released by the National Bureau of Statistics and China Federation of Logistics.
A private gauge for the manufacturing sector from HSBC Holdings and Markit Economics was revised to 51.7 points in July from a preliminary reading of 52 and up from 50.7 in June.
The South Korean Kospi index retreated 0.15%, closing at 2,073.10.
Australia
In Sydney, the S&P/ASX 200 index fell 1.39% to 5,554.50. The Australian retailer Kathmandu Holdings climbed 2.65%, while the rare earth miner Lynas fell 17.65%.
The Producer Price Index (PPI) in Australia fell 0.1% in the second quarter, while analysts were expecting a rise of 0.75, data from the Australian Bureau of statistics showed.
European Stocks
European stocks were seen trading lower on Friday countries across the European region post final PMIs for the manufacturing sector.
The European Euro Stoxx 50 slid 0.41% lower to 3,102.68 at the time of writing, while the French CAC 40 index edged 0.64% lower to 4,219.02. The German DAX lost 0.65% to 9,347.01 and UK’s benchmark FTSE 100 slumped 0.49% to 6,696.11.
Final PMIs
Eurozone’s strongest economy, Germany; posted figures for the final manufacturing PMI as it showed a slight rise to 52.4 points in July from June’s 52 points.
While in France, the nation’s final PMI came in at 47.8 points lower in July from the 48.2 seen in the previous month, according to Markit’s report.
Italy’s manufacturing PMI for July dropped to 51.9 points from 52.6 recorded in June and compared to analysts’ forecast of 52.5 points.
July’s manufacturing PMI for Spain came in at 53.9 points, compared to the 54.6 points booked in the prior month, Markit Economics revealed in a report.
The flash manufacturing PMI for the eurozone as a whole came in at 51.9 points in July from 51.8 points in June.
US Jobs Data
Investors will be focusing on the release of July’s Job’s report, with forecast of 230,000 new job added to the jobs market last month, following the 288,000 addition in June.
The unemployment rate is expected to remain unchanged at 6.1% in July.
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Asian Stocks
Asian stocks were seen mainly falling on Friday as the strong Chinese manufacturing activity data failed to boost sentiment.
The Japanese Nikkei 225 index fell 0.63%, closing at 15,523.11, while Tokyo’s Topix index gained 0.63% to 1,281.30.
The Japanese ceramics company NGK Insulators rallied 10.94% after the company posted a rise in its net profit outlook for the full year. While shares in Sony climbed 4.97% after the PlayStation game consoles makers reported its second-quarter profit.
On the downside, the machine tool builder Okuma slid by more than 7%, while Yahoo Japan slumped 6.6% to 422 yen after the internet portal reported flat operating profit.
China
Hong Kong’s Hang Seng index edged 0.44% lower to 24,648.02 at the time of writing, while the Chinese mainland Shanghai composite rose 0.53% to 2,213.13.
In China, the property developer Cheung Kong sank 4.4% to HK$1.44.10, as the company said its net income rose to HK$21.3 billion from HK$13.4 billion from the previous year. China Rongsheng Heavy Industries slid 3.2% to HK$1.53 after the shipbuilder said its expecting an increase in the net loss for the next six months ending June due to order cancellations.
The manufacturing activity for China grew at a faster pace than expected, as the manufacturing purchasing managers’ index rose to 51.7 points in July, from 51 points recorded in the previous month, according to data released by the National Bureau of Statistics and China Federation of Logistics.
A private gauge for the manufacturing sector from HSBC Holdings and Markit Economics was revised to 51.7 points in July from a preliminary reading of 52 and up from 50.7 in June.
The South Korean Kospi index retreated 0.15%, closing at 2,073.10.
Australia
In Sydney, the S&P/ASX 200 index fell 1.39% to 5,554.50. The Australian retailer Kathmandu Holdings climbed 2.65%, while the rare earth miner Lynas fell 17.65%.
The Producer Price Index (PPI) in Australia fell 0.1% in the second quarter, while analysts were expecting a rise of 0.75, data from the Australian Bureau of statistics showed.
European Stocks
European stocks were seen trading lower on Friday countries across the European region post final PMIs for the manufacturing sector.
The European Euro Stoxx 50 slid 0.41% lower to 3,102.68 at the time of writing, while the French CAC 40 index edged 0.64% lower to 4,219.02. The German DAX lost 0.65% to 9,347.01 and UK’s benchmark FTSE 100 slumped 0.49% to 6,696.11.
Final PMIs
Eurozone’s strongest economy, Germany; posted figures for the final manufacturing PMI as it showed a slight rise to 52.4 points in July from June’s 52 points.
While in France, the nation’s final PMI came in at 47.8 points lower in July from the 48.2 seen in the previous month, according to Markit’s report.
Italy’s manufacturing PMI for July dropped to 51.9 points from 52.6 recorded in June and compared to analysts’ forecast of 52.5 points.
July’s manufacturing PMI for Spain came in at 53.9 points, compared to the 54.6 points booked in the prior month, Markit Economics revealed in a report.
The flash manufacturing PMI for the eurozone as a whole came in at 51.9 points in July from 51.8 points in June.
US Jobs Data
Investors will be focusing on the release of July’s Job’s report, with forecast of 230,000 new job added to the jobs market last month, following the 288,000 addition in June.
The unemployment rate is expected to remain unchanged at 6.1% in July.
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