Asian shares decline on China PMI

Source: Marketwatch
Asian stocks traded lower on Monday as HSCB data showed Chinese production activity improved but stayed below 50, indicating persisting contraction in manufacturing. Hong Kong's Hang Seng Index fell 1.8%, China's Shanghai Composite lost 0.8% and Australia's S&P/ASX 200 index slipped 0.3%. Japan's Nikkei Stock Average shed 0.2% and South Korea's Kospi gave up 0.1%.

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