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Published: Wednesday 02 October, 2013

guess outlet online store guess outlet online store ?Asia stocks fall after China manufacturing data disappoints

BANGKOK Asian stock markets fell Wednesday in holidaythinned trading after the pace of Chinas manufacturing growth slowed in April, raising fears of a weaker recovery in the worlds secondlargest economy. Shares in other regions were poised to post gains, however.

The China Federation of Logistics and Purchasing said its purchasing managers index fell to 50.6 in April from 50.9 in Mar guess outlet online store ch on a 100point scale on which readings above 50 indicate an expansion.

The industry group quoted its economist Zhang Lijun as saying that steadily declining export orders and other indicators portend a slight decline in economic growth.

Analysts said the data slightly undershot expectations. Most had been expecting a reading of 50.7.

Although conditions in Asias industrial sector have improved, they still remain weak by historic standards, said Daniel Martin of Capital Economics in Singapore.

Britains FTSE 100 rose 0.2 per cent to 6,444.80. Wall Street looked set for a slightly higher open, with Dow Jones industrial futures rising less than 0.1 per cent to 13,783. S 500 futures were marginally higher at 1.592.50. The Federal Reserve ends a twoday policy meeting later Wednesday and is widely expected to adhere to its program of superlow interest rates and bond buying.

Japans Nikkei 225 index fell 0.4 per cent to close at 13,799.35 as the yen gained strength against the dollar. Australias S 200 dropp guess outlet online store ed 0.5 per cent to 5,166.20 as investors took profits off the table after the market hit a fiveyear high Tuesday. New Zealands benchmark fell while Indonesia rose.

Many stock markets were closed for May Day holidays, including those in Germany, France, Hong Kong, mainland China, South Korea, Singapore and Taiwan.

Among individual stocks, Japans Sharp Corp. fell 5 per cent. Kyodo News agency report guess outlet online store ed that the struggling electronics maker was likely to report a largerthanexpected net loss for fiscal 2012 on May 14. Australias OZ Minerals fell 4 per cent.

Benchmark oil for June delivery was down 63 cents to $92.83 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.04 to finish at $93.46 per barrel on the Nymex on Tuesday. guess outlet online store