The Traderszone Network

Published in TZ Latest News 4 May, 2014 by The TZ Newswire Staff

Asia shares falter on China PMI, bonds in demand

Asian share markets took a turn lower on Monday after a survey of Chinese manufacturing disappointed, while the simmering conflict in Ukraine kept gold and bonds well bid. Australia’s market reversed course to be down 0.2 percent (.AXJO), while MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent. Market holidays in Japan and South Korea thinned trade, as did caution over the crisis in Ukraine. On Wall Street, the Dow (.DJI) ended Friday 0.28 percent lower, while the S&P 500 (.SPX) lost 0.13 percent and the Nasdaq (.IXIC) 0.09 percent.