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Asia Mixed on China Factory Numbers

Asia Mixed on China Factory Numbers

Asia-Pacific markets were mixed Thursday as China’s factory activity contracted for a fifth straight month in August.

In Japan, the Nikkei 225 index popped 285.88 points, or 0.9%, to 32,619.34.

The country saw its retail sales jump more than expected in July, climbing 6.8% year on year, compared with the 5.4% rise expected by a Reuters poll.

In Hong Kong, the Hang Seng slumped 100.8 points, or 0.6%, to 18,382.06.

Australian markets extended gains Thursday, marking four straight days of gains this week.

However, Korean markets fell as industrial production slid 8% year-on-year in July, marking its 10th straight month of contraction.

In other markets

The CSI 300 deleted 23.24 points, or 0.6%, to 3,765,27.

In Taiwan, the Taiex index retreated 85.31 points, or 0.5%, to 16,634.51.

In Korea, the Kospi index subtracted 4.95 points, or 0.2%, to 2,556.27.

In Singapore, the Straits Times Index regained 13.08 points, or 0.4%, to 3,233.30.

In New Zealand, the NZX 50 recovered 33.36 points, or 0.3%, to 11,554.48.

In Australia, ASX 200 strengthened 7.52 points, or 0.1%, to 7,305.27.