Weak China Manufacturing Activities Hurt Risk Appetite as New Year Begins

Asian shares begin 2016 with a weak note, driven by weaker than expected manufacturing data in China and intensified geopolitical tensions in the Middle East. Leading the selloff in equities, mainland China’s CSI 300 index has plummeted more than -4% at the time of writing this report. Following China’s suit, Hong Kong’s Hang Seng index has dropped -2.4% while Japan’s Nikkei 225 index down -3.06%.

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Weak China Manufacturing Activities Hurt Risk Appetite as New Year Begins