This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-29321267

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Asia Market Report Asia Market Report
(about 4 hours later)
Asian markets reversed earlier losses, after better-than-expected China data from a private survey. Asian markets closed mixed following better-than-expected China factory data from a private survey.
The HSBC reading of China's manufacturing activity - the Purchasing Managers Index (PMI) - came in at 50.5 in September, from 50.2 in August. A reading above 50 signals an expansion. The preliminary HSBC reading of China's manufacturing activity - the Purchasing Managers Index (PMI) - came in at 50.5 in September, from 50.2 in August. A reading above 50 signals an expansion.
China's state official PMI data is due next week on 1 October. China's official PMI data is due next week on 1 October.
Markets in China, Australia, Hong Kong and Taiwan are all in positive territory. Hong Kong's Hang Seng closed 0.5% lower while the Shanghai Composite rose by 0.87% on Tuesday.
In a statement which accompanied the data release, Qu Hongbin, Head of Economic Research at HSBC said: "Economic activity in the manufacturing sector showed signs of stabilization in September. However, overall the data still point to modest expansion. The property downturn remains the biggest downside risk to growth." Australia also closed higher but regional markets in Taiwan, South Korea, Singapore, Malaysia, Indonesia and the Philippines all closed slightly in the red.
Markets in Japan were shut for a national holiday, in observance of autumn equinox. Japan's closure led to thin trading volumes across Asia on Tuesday.
In a statement which accompanied the data release, Qu Hongbin, head of economic research at HSBC, said: "Economic activity in the manufacturing sector showed signs of stabilisation in September. However, overall the data still point to modest expansion. The property downturn remains the biggest downside risk to growth."
China propertyChina property
Property prices have been falling across many cities in China, due to weak demand.Property prices have been falling across many cities in China, due to weak demand.
But China's property developer shares rose on Tuesday, on reports that one of the country's state bank is planning to ease rules on mortgage lending, to help boost the slump in the real estate industry.But China's property developer shares rose on Tuesday, on reports that one of the country's state bank is planning to ease rules on mortgage lending, to help boost the slump in the real estate industry.
Shares of China's largest residential property developer China Vanke rose 1.6% while smaller competitor China Resources Land saw its shares jump by 2.6%.Shares of China's largest residential property developer China Vanke rose 1.6% while smaller competitor China Resources Land saw its shares jump by 2.6%.
Australia stocksAustralia stocks
Elsewhere - Nufarm shares jumped 10.7% in Australian trade. The agricultural chemical company reported a 15% rise in full year revenue to 2.6bn Australian dollars ($2.3bn; £1.4bn).Elsewhere - Nufarm shares jumped 10.7% in Australian trade. The agricultural chemical company reported a 15% rise in full year revenue to 2.6bn Australian dollars ($2.3bn; £1.4bn).
Kathmandu shares tumbled by more than 4% on the Australian stock exchange, after the outdoor apparel maker reported a 4.5% fall in its annual profit, due to fluctuating weather and a high exchange rate.Kathmandu shares tumbled by more than 4% on the Australian stock exchange, after the outdoor apparel maker reported a 4.5% fall in its annual profit, due to fluctuating weather and a high exchange rate.
Also in Australia - shares of BHP Billiton traded lower by 0.6%. The global commodities giant said it will lay off 700 workers at its coal operations in central Queensland, as part of a cost-savings measure. Global coal prices have slumped in recent months, partly due to slowing demand from major market China. BHP's coal operations in Queensland is jointly owned with Japan's Mitsubishi. Also in Australia, shares of BHP Billiton fell 0.6%. The global commodities giant said it would lay off 700 workers at its coal operations in central Queensland, as part of a cost-savings measure.
Airstrikes Global coal prices have slumped in recent months, partly due to slowing demand from major market China. BHP's coal operations in Queensland is jointly owned with Japan's Mitsubishi.
The South Korean stock market failed to get a lift from the HSBC data. The benchmark Kospi index remained down, on news from the Pentagon that the US and partner nations have started to carry out its first air strikes against Islamic State targets in Syria. Air strikes
Spot gold edged up 0.3% to $1,218.30 an ounce, after dropping for two days. Traders said the precious metal could see safe-haven buying in light of the air strikes. The South Korean stock market failed to get a lift from the HSBC data. The benchmark Kospi index remained lower following news from the Pentagon that the US and partner nations have started to carry out its first air strikes against Islamic State targets in Syria.
Markets in Japan are shut on Tuesday for a national holiday, in observance of autumn equinox. Japan's closure led to thin trading volumes across Asia on Tuesday. Gold spot prices edged up 0.3% to $1,218.30 an ounce, after two days of falls. Traders said the precious metal could see safe-haven buying in light of the air strikes.