Friday, 31 March 2017

Asia trades mixed, China March manufacturing PMI reveal improvements

Asia traded mostly higher on the last day of March, as investors digested a mixed set of economic data out of east Asia. Down Under, the ASX 200 turned positive, to trade up 0.05 percent, dragged by a weaker energy sub-index. Japan's Nikkei 225 was up 0.59 percent, supported by the weaker yen. Japan's core consumer prices rose 0.2 percent in February year-on-year, marking the fastest growth in nearly two years. But household spending fell 3.8 percent in February from a year earlier, missing estimates for a 1.7 percent fall. Meanwhile, Japan's February jobless rate declined to 2.8 percent, its lowest rate since June 1994, and marked an improvement in the labor market.

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