Asian Markets Are Mixed After Chinese PMI Beats Expectations

chinese investors

Photo: China Photos/Getty Images

Asian markets are mixed after Chinese PMI unexpectedly rose to 50.5 in January, just above the December reading of 50.3.Japan’s Nikkei 225 is up 0.28%

Korea’s Kospi Index is up 0.40%

China’s Shanghai Composite is down 0.35%

Hong Kong’s Hang Seng is down 0.01%

Australia’s S&P/ASX 200 is down 0.57%

This comes after U.S. stock markets ended flat after a sharp drop in consumer confidence, and a weak reading of the November Case-Shiller home price index.

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