Asian Stocks
Stocks in Asian were seen swinging in between losses and gains on Thursday, while stocks in China were boosted by the nation’s Purchasing Managers’ Index (PMI) manufacturing report for July.
Japan
The Japanese benchmark Nikkei 225 index fell 0.29% lower, closing at 15,284.42, while Tokyo’s Topix index ended 0.20% lower to 1,269.86.
In Japan, Sony and Show Denko saw the most gains during the session, with shares climbing 2.79% and 2.75% respectively, while the metal smelter Toho Zinc declined 3.21%.
Japan’s trade deficit shrank to 822.2 billion yen in June from the 909 billion yen seen in the previous month, reports showed. While Exports dropped 2% and imports jumped 8.4% on a year-on-year basis.
China
Hong Kong’s Hang Seng index jumped 0.52% to 24,045.74 at the time of writing, while the Chinese mainland Shanghai Composite added 1.34% to 2,106.62.
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In China, Ping An Insurance climbed for a third day, with shares rising 3.23%. UBS AG, JPMorgan Chase & Co. and others spent over HK$2 billion buying approximately 36 million Ping An H-shares in the first two weeks of July, Great Wisdom reported on its microblog. Meanwhile, the energy company China Resources Power saw losses, with shares falling 1.77%.
China’s manufacturing gauge climbed to an 18-month high in July, supporting the government’s aim to meet its 2014 economic growth target of 7.5%.
A preliminary Purchasing Managers Index from HSBC and Markit Economics jumped to 52 points in July, climbing from the final reading of 50.7 seen in June and higher than forecasts of 51 points.
The South Korean Kospi index fell 0.08%, closing at 2,026.62, while Australia’s benchmark S&P/ASX 200 index rose 0.15% higher to 5,585.20.
In Sydney, the iron-ore miner Atlas Iron climbed 4.29% and gold producer Newcrest Mining saw losses, with shares falling 5.66%.
European Stocks
European equities were seen trading higher from previous losses on Thursday as Germany, France and the Euro-bloc released their flash Purchasing Managers’ Index (PMI) reports.
The European Euro Stoxx 50 edged 0.39% higher to 3,204.26 at the time of writing, while the German DAX gained 0.18% to 9,772.31. At the same time the French CAC 40 traded 0.33% higher to 4,390.11 and UK’s benchmark FTSE 100 fell 0.03% lower to 6,795.11.
Flash PMI Releases
Germany’s Flash manufacturing PMI for July rose to 52.9 points from the previous figure of 52 seen in June, Markit Economics reported. While the German’s services sector showed a rise to 56.6 from 54.6.
While in France, the flash manufacturing PMI showed a fall to 47.6 in July, while analysts’ was expecting to see a reading of 48 points. The activity in the country’s services sector came in at 50.4 points from 48.2 seen in June.
The flash manufacturing PMI for the 18-bloc euro region showed a slight rise to 51.9 in July from 51.8 seen in June, while the eurozone’s services sector rose to 54.4 in July from 52.8 recorded in the previous month.
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