Asia-Pacific stocks dip as investors await China’s manufacturing activity data, U.S. presidential debate
Asia-Pacific markets dipped in Wednesday morning trade as investors await the release of China’s manufacturing activity data for September.
Japan markets were lower, with the Nikkei 225 shedding 0.22% while the Topix index declining 0.42%.
Australia’s S&P/ASX 200 also slipped 0.48%. Overall, the MSCI Asia ex-Japan index was little changed.
Markets in South Korea are closed Wednesday for a holiday.
On the economic data front, China’s official manufacturing Purchasing Managers’ Index (PMI) for September is expected to be out at around 9:00 a.m. HK/SIN. The Caixin/Markit manufacturing PMI for September is also set to be released at around 9:45 a.m. HK/SIN. The data releases will be watched by investors for further clues on the Chinese economy’s recovery from the coronavirus pandemic.
Meanwhile, the first U.S. presidential debate between incumbent President Donald Trump and Democratic nominee Joe Biden, set to start at 9 p.m. ET Tuesday, could also impact investor sentiment.
Reference: CNBC
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