Shares in Asia mixed as China PMI's diverge, Sydney up on AIG index – Investing.com

This article was originally published on this site

© Reuters. Asian shares mixed© Reuters. Asian shares mixed

Investing.com – Asian shares were mixed on Monday with Sydney gaining on solid manufacturing figures domestically and a private survey in China.

The rose 0.86%, while the fell 0.86%. The gained 0.49%.

The came in at 50.6, well above a reading of 48.7 expected for July, which was up a tad from 48.6 the previous month.

Earlier, in China, the semi-official published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing for July rose to 49.9. just missing the expected expansion level of 50. The CFLP reached 53.9, with last month’s level at 53.7.

As well, Australia said the for July spiked to 56.4, compared with last month’s figure at 51.8. The index rose further in July for the 13th month in a row and marking the longest period of expansion in over a decade. The recovery was mainly due to stronger exports and import replacements, which were helped by a more competitive exchange rate. HIA new home sales for June gained 8.2%, compared with the last figure down 4.4% month-on-month.

Last week, U.S. stocks remained stuck in a tight, range-bound trade on Friday, continuing a trend of sideways trading that has persisted over the last two weeks, as the major indices ended July in near record-territory.

The Jones Industrial average fell 24.11 or 0.13% to 18,432.24, suffering its fifth consecutive losing session. The Dow was dragged down by Exxon Mobil Corporation (NYSE:NYSE:), which fell more than 1% on the day after reporting its worst quarterly profits in 17 years. For an eight-day period earlier in the month, the Dow hit all-time and record closing highs on every session during the streak, as jittery investors in the euro area sought safety in U.S. equities. Overall, the Dow surged approximately 3% on the month.

The gained 7.15 or 0.14% to 5,162.13 on Friday, closing at a 52-week high. The NASDAQ has received a boost in recent days from stellar earnings among leading large-cap stocks such as Alphabet Inc (NASDAQ:NASDAQ:), Amazon.com Inc (NASDAQ:NASDAQ:) and Facebook Inc (NASDAQ:NASDAQ:). In the last month, stocks in the technology sector have jumped nearly 8%. The Composite index, meanwhile, added 3.54 or 0.16% to 2,173.60, ending the session at a record closing high.

On the S&P 500, seven of 10 sectors closed in the green as stocks in the Telecom, Consumer Goods and Utilities industries led. Stocks in the Industrials, Financials and Consumer Services sectors lagged, each closing lower for the session. On the month, every sector on the S&P 500 closed higher with the exception of the Energy industry.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.