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Showing posts with the label Asian Stock Markets Latest News at the Time; June 30

Asian Stock Markets Latest News at the Time; June 30, 2013.

Asia Asian stocks fall as China manufacturing weakens Asian markets begin the new quarter on a weak footing as a further slowdown in manufacturing activity in China, South Korea and Taiwan raise concerns about the health of those economies.   China factory activity shrinks for 2nd month: HSBC LOS ANGELES (MarketWatch) -- HSBC's monthly gauge of Chinese factory activity, released Monday, showed further slowing in June, as the index hit its lowest level since September 2012. The HSBC manufacturing Purchasing Managers' Index, dropped to 48.2 from May's 49.2 and down from a preliminary reading of 48.3, marking the second month in a row that the result was below 50 -- the dividing line between growth and contraction. Among the subindexes, total new orders fell for a second straight month, while new export orders fell at their fastest rate since March 2009. HSBC chief C