Asian markets ended mostly in red on Monday

Asian markets ended mostly in red on Monday, after gauges of China’s manufacturing and services industries showed signs of a broadening slowdown in the world’s second-largest economy. The Japanese market remained shut for the trade today for Culture Day holiday. Growth in China’s factories fell to a five-month low in October, missing expectations for an expansion as manufacturers battled cooling order growth and rising costs in the slowing economy. The official Purchasing Managers’ Index (PMI) eased to 50.8 in October from September’s 51.1. Growth in new orders cooled in October, as the index retreated to 51.6 from 52.2. New export orders were 49.9 in October, pointing to a contraction, from 50.2 in September. The services sector has been more resilient than the manufacturing sector and is creating more jobs, which partly explains why the government has so far refrained from more aggressive policy easing in supporting the slowing economy. The official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.8 in October from September’s 54.0, which was the weakest reading since January.

Thai Consumer Price Inflation fell to a seasonally adjusted annual rate of 1.48%, from 1.75% in the preceding month. Indonesian Trade Balance rose to a seasonally adjusted -0.27B, from -0.31B in the preceding month while Indonesian Inflation rose to a seasonally adjusted 4.83%, from 4.53% in the preceding month. South Korean Trade Balance rose to a seasonally adjusted 7.50B, from 3.43B in the preceding quarter whose figure was revised up from 3.40B.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2430.03	9.85	0.41
Hang Seng	23,915.97	-82.09	-0.34
Jakarta Composite	5085.51	-4.04	-0.08
KLSE Composite	18553.34	-1.81	-0.10
Nikkei 225	-	-	-
Straits Times	3290.84	16.59	0.51
KOSPI Composite	1952.97	-11.46	-0.58
Taiwan Weighted	9004.86	30.10	0.34