Asian Market Update: Another soft China manufacturing PMI weighs on sentiment; Ukraine tensions persist after deadly Friday fire
***Economic Data*** - (CN) CHINA APR NON-MANUFACTURING PMI: 54.8 V 54.5 PRIOR - (CN) CHINA APR FINAL HSBC MANUFACTURING PMI: 48.1 (4th consecutive contraction) V 48.4E - (AU) AUSTRALIA MAR BUILDING APPROVALS M/M: -3.5% (2nd consecutive decline) V +1.5%E; Y/Y: 20.0% V 31.0%E - (AU) AUSTRALIA APR ANZ JOB ADS M/M: 2.2% V 1.4% PRIOR (3rd consecutive rise) - (AU) AUSTRALIA APR TD SECURITIES INFLATION M/M: 0.4% V 0.2% PRIOR (4-month high); Y/Y: 2.8% V 2.7% PRIOR - (AU) AUSTRALIA APR AIG PERFORMANCE OF SERVICES INDEX: 48.6 V 48.9 PRIOR (2nd consecutive contraction; 4-month low)
Market Snapshot (as of 03:30 GMT): - Nikkei225 closed, S&P/ASX -0.1%, Kospi closed, Shanghai Composite -0.8%, Hang Seng -1.7%, Jun S&P500 -0.1% at 1,872, Jun gold +0.3% at $1,306, Jun crude oil +0.1% at $99.83/brl
***Highlights/Observations/Insights*** 05/04 21:45:04 : *(CN) CHINA APR FINAL HSBC MANUFACTURING PMI: 48.1 (4th consecutive contraction) V 48.4E