Asian stocks were mixed after China manufacturing data came in
better than expected.
The "flash" version of the China manufacturing Purchasing
Managers' Index, published by HSBC and Markit, rose to 51.2,
compared to August's final result of 50.1. Economists on average
had expected a 50.9 reading, according to a Bloomberg survey. A
reading above 50 indicates expansion, while anything below that
Shanghai reopened on Monday after being closed on Thursday and
Friday. Japan was closed on Monday for a holiday and Hong Kong
opened late due to Typhoon Usagi.
In ADR news, News Corp (
) reported a FY profit of $506 million, or $0.87 a share, compared
with a loss of $2.08 billion, or $3.58 a share, for the prior
period. Revenue increased 2.7% to $8.89 billion. Analysts recently
polled by Thomson Reuters had estimated earnings of $0.57 a share
on $8.96 billion in revenue.
Yongye International (
) has agreed to go private for $6.69 in an agreement with Full
Alliance International Limited, a British Virgin Islands company
and other Yongye companies formed for the purpose of carrying out
the arrangement. Currently, Full Alliance, Zischen Wu, Prosper Sino
Development and MSPEA Agriculture Holding Limited own about 33.1%
The Hang Send ended down 0.56% at 23,371.54 and the Straits
Times down 0.72% at 3,214.25. China's Shanghai Composite Index
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