29.7 C
Brunei
Friday, October 7, 2022
29.7 C
Brunei
Friday, October 7, 2022
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    World shares mixed after China reports weaker factory data

    BANGKOK (AP) — Shares are mixed in Europe and Asia after the release of data showing Asian factory activity slowed this month as virus outbreaks disrupted shipping at some Chinese ports.

    Markets advanced in Shanghai and Sydney but slipped in Paris, London and Tokyo. United States (US) futures also were lower.

    Japan, South Korea, and China all released data that “erred on the side of slightly disappointing”, Jeffrey Halley of OANDA said in a commentary.

    Japan’s industrial output fell 5.9 per cent in June from the month before while South Korean production fell 0.7 per cent.

    Germany’s DAX declined 0.8 per cent to 15,565.10 while the CAC 40 in Paris lost 0.9 per cent to 6,511.48. In Britain, the FTSE 100 gave up 0.8 per cent to 7,033.60. The future for the Dow Jones Industrial Average lost 0.3 per cent while that for the S&P 500 fell more than 0.1 per cent.

    In Asian trading, Tokyo’s Nikkei 225 index edged 0.1 per cent lower to 28,791.53. The Kospi in Seoul gained 0.4 per cent to 3,296.68 and the Shanghai Composite index added 0.5 per cent to 3,591.20. Sydney’s S&P/ASX 200 climbed 0.2 per cent to 7,313.00.

    In Hong Kong, the Hang Seng index fell 0.6 per cent to 28,827.95. Shares rose in India and Taiwan.

    People walk past a bank’s electronic board showing the Hong Kong share index in Hong Kong. PHOTO: AP
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