Asian shares decline as China's manufacturing disappoints

Source: Bloomberg
© Scanpix/AP
The Asian MSCI Index was lower on Wednesday, which was its first fall in nine days. The Index lost 0.7% and was trading at 509.25. This was mainly attributed to the dreary outlook for the Chinese manufacturing sector as HSBC's PMI fell to 50.3 in August from 51.7 in July. Nevertheless, the gauge did still close above its six-year high.
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