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-33647252

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

Version 0 Version 1
Chinese market in the seventh day of gains Chinese market breaks six-day rally with 1.3% fall
(about 2 hours later)
Chinese shares are into their seventh day of recovery bucking the lower trend elsewhere in the region. Chinese shares turned tail at the close to break a six-day rally, ending down 1.3% after manufacturing activity was reported at a 15-month low.
The Shanghai Composite saw its seventh consecutive day in positive territory, with investors regaining confidence after the past weeks of volatility. The Shanghai Composite lost 53.01 points - 1.29% to 4,070.91 points, although Over the week it was still 2.9% higher.
The index was up by 0.3% to 4,134.45 points.
The positive trend persisted despite a key manufacturing gauge indicating economic contraction and falling to a 15-month low.
The preliminary reading of Caixin's Purchasing Manager's Index (PMI) came in at 48.2 for this month.The preliminary reading of Caixin's Purchasing Manager's Index (PMI) came in at 48.2 for this month.
A reading of below 50 indicates contraction.A reading of below 50 indicates contraction.
Rest of Asia all down Down, down
In Hong Kong, the Hang Seng dropped by 0.9% to 25,172.03 points.In Hong Kong, the Hang Seng dropped by 0.9% to 25,172.03 points.
Japan's benchmark Nikkei 225 index closed 0.7% down at 20,544.53 points.Japan's benchmark Nikkei 225 index closed 0.7% down at 20,544.53 points.
Investors were trading on news of the International Monetary Fund warning that Japan needed to "reload Abenomics" to continue its economic recovery.Investors were trading on news of the International Monetary Fund warning that Japan needed to "reload Abenomics" to continue its economic recovery.
The market failed to pick up on the same flash PMI reading which in the case of Japan showed a strong seasonally adjusted 51.4 in July.The market failed to pick up on the same flash PMI reading which in the case of Japan showed a strong seasonally adjusted 51.4 in July.
In Seoul, the Kospi index finished lower by 0.9% to 2,045.96, weighed down by weak economic data and poor earnings results.In Seoul, the Kospi index finished lower by 0.9% to 2,045.96, weighed down by weak economic data and poor earnings results.
Car giant Hyundai said its net profit slumped 24%.Car giant Hyundai said its net profit slumped 24%.
Despite the Korean Won being at a three-year low against the US dollar, many exporters failed to capitalise on that relative advantage.Despite the Korean Won being at a three-year low against the US dollar, many exporters failed to capitalise on that relative advantage.
In Australia, weaker metals and oil prices continue to dampen investor sentiment, pulling the ASX/200 0.4% down to a 5,566.10 finish.In Australia, weaker metals and oil prices continue to dampen investor sentiment, pulling the ASX/200 0.4% down to a 5,566.10 finish.
The country's fastest growing iron ore miner, Fortescue, was the first of the big mining giants to stop further output expansion, saying steel production in China had peaked.The country's fastest growing iron ore miner, Fortescue, was the first of the big mining giants to stop further output expansion, saying steel production in China had peaked.
Fortescue shares were up 1.2% while most other Australian miners closed in negative territory.Fortescue shares were up 1.2% while most other Australian miners closed in negative territory.