The Traderszone Network

Published in TZ Latest News 30 November, 2015 by The TZ Newswire Staff

Asian shares firm as focus turns to China PMI surveys

MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains and was up 1.1 percent, while Japan’s Nikkei (.N225) added 0.9 percent. China’s official Purchasing Managers’ Index (PMI) stood at a three-year low of 49.6 in November, compared with the previous month’s reading of 49.8 and below both forecasts for a reading of 49.8 as well as the 50-point mark that separates growth from contraction. China’s major stock indexes opened down, with the CSI300 index and the Shanghai Composite Index (.SSEC) both 0.1 percent lower in early trading.