The Traderszone Network

Published in TZ Latest News 22 September, 2014 by The TZ Newswire Staff

Asia relieved as China flash PMI beats low expectations

Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China’s massive factory sector outpaced the market’s bleak expectations. The market had been braced for something even worse and the relief helped Chinese stocks move into the black and the Australian dollar blip higher. The Asian giant is Australia’s single biggest export market and investors often use the currency as a liquid proxy for China plays.

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