With most returning from New Year celebrations, though not New Zealanders and Scotland who are off on holiday again today and the Japanese who only get back on Friday, Asian stock markets traded down today in reaction to Monday’s Chinese December Manufacturing Purchasing Managers’ Index which dipped to 49.4, the first reading below the 50 watershed since January 2016. Hardest hit has been Hong Kong where the Hang Seng lost 2.9 per cent (at the time of writing).
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