Asia-Pacific Markets Respond to China's Manufacturing Data

Investors in the Asia-Pacific region experienced mixed fortunes as they reacted to the latest manufacturing data from China. The National Bureau of Statistics reported that the official manufacturing PMI for January stood at 49.1, indicating a contraction in the manufacturing sector.

Market Movements Across the Region

Japan's Nikkei 225 saw a dip, losing 0.60% by 3:16 am CET, contrasting with Hong Kong's Hang Seng, which enjoyed a rise of 0.81% at 3:17 am CET. Meanwhile, in mainland China, the Shanghai Composite edged up by 0.40%, whereas the Shenzhen Composite fell by 0.51% at 3:18 am CET.

It's noteworthy that Australian and South Korean markets remained closed due to public holidays, affecting trading volumes and activities in the region.

Currency Fluctuations

On the currency front, the dollar weakened against the yen, trading 0.22% lower at 3:19 am CET, with the exchange rate standing at 155.56450.