Asian markets lower amid weakening Chinese manufacturing sector

Source: Marketwatch
© Scanpix/Reuters
Equity markets in Asia were in the red on Monday, as Chinese manufacturing PMI figure of 47.8 in July indicated that the sector had further contracted from June's figure of 49.4. The Shanghai Composite declined 1.1% to 3,623 points, the Hang Seng fell 1.3% to 24,319 points, while the Nikkei 225 lost 0.2% to 20,548 points by 8:00 AM GMT. Sell-off in commodities caused further losses in the stock markets
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