Manufacturing PMI fell in China

While the Chinese real estate giant Evergrande continues to be a risk factor on the Asian side, it is stated that the course of the dollar index, which reached its highest level since October 2020 with 94.4 yesterday, will continue to be effective on asset prices.

In the US, the House of Representatives approved the bill to suspend the debt ceiling until next year, and the manufacturing industry Purchasing Managers Index (PMI) data, which fell below the 50 level for the first time since February 2020, with 49.6 in China, showed the Bank of China. (PBoC) increased the expectation that it could lower loan interest rates, which led to reactionary purchases in the stock markets.

Following the calming statements regarding inflation concerns, the US 10-year bond yield, which declined slightly yesterday, was also balanced just below 1.52 percent.

ASIAN EXCHANGES IN MIXED TRACKING

With these developments, Shanghai composite index gained 0.72 percent in China and Kospi index gained 0.41 percent in South Korea, while Nikei 225 index in Japan lost value by 0.20 percent.