Shares in Asia show mixed performance
On Wednesday, shares in Asia demonstrated mixed performance, with traders looking ahead to China PMI data this week and also taking note of regional data in Australia and Japan.
The Nikkei 225 leapt 0.79% as Japan posted that industrial production for July was intact month-on-month, compared with a 0.8% growth observed. The Japanese authorities told they expect a 0.7% drop in September as output flows weaver.
The S&P/ASX 200 tumbled 1.07% with Australia reporting private sector credit for July grasped 0.4% as expected month-on-month. Meanwhile, housing credit tacked on 0.5%, intact from June.
The Shanghai Composite Index went down 0.07%, Hong Kong's Hang Seng Index traded 0.08% higher.
On Wednesday, the Yuan traded moderately higher, even though China’s major bank weakened the fixing at 6.6908 against the US dollar compared with the official closing price of 6.6800 on Tuesday.
American stocks traded lower after the close on Tuesday, because losses in the Consumer Goods, Utilities and Oil & Gas sectors brought shares down.