Asian stocks lower after flash China PMI

Source: CNBC
© ScanPix/Reuters
Equity markets in Asia fell to multi-lows, as the massive sell-off was sparked by disappointing Chinese factory activity. The preliminary PMI for August in the second largest economy dropped to 47.1, its six-and-a-half low. Meanwhile, the Shanghai Composite index was down 4.21%, Japan's Nikkei fell 2.98%, while Australia's S&P ASX 200 was off 1.40% and The Korean Kospi declined 2.01%. 
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