Asian equities declined on Thursday as investors focused key Chinese manufacturing data and sliding oil prices.
China's HSBC flash manufacturing purchasing manager's index (PMI) (http://www.cnbc.com/id/102108949) report rose to a three-month high of 50.4 in October, above the bank's final reading of 50.2 last month. Despite the improvement, the report highlighted issues in Beijing's economy with factory output falling to a five-month low. The data comes amid speculation of additional stimulus measures to boost growth after third-quarter gross domestic product growth (http://www.cnbc.com/id/102101000) hit a more than five-year low.
-CNBC
This pushed AU down after the data release.
China's HSBC flash manufacturing purchasing manager's index (PMI) (http://www.cnbc.com/id/102108949) report rose to a three-month high of 50.4 in October, above the bank's final reading of 50.2 last month. Despite the improvement, the report highlighted issues in Beijing's economy with factory output falling to a five-month low. The data comes amid speculation of additional stimulus measures to boost growth after third-quarter gross domestic product growth (http://www.cnbc.com/id/102101000) hit a more than five-year low.
-CNBC
This pushed AU down after the data release.
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