9:01 a.m. Rupee opens lower at 63.97/dollar against Thursday's close of 63.76
8:54 a.m. Sensex set to open lower amid weak global cues. SGX CNX NIFTY is down nearly 0.25 per cent at 8,583
8:52 a.m. Asian shares dropped sharply on Friday after a survey of Chinese manufacturing activity was weaker than expected, while U.S. jobs data underpinned the dollar as it bolstered bets that the U.S. Federal Reserve is on track to hike interest rates later this year.
The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) dropped to 48.2, below economists' estimate for a reading of 49.7 and the lowest reading since April last year. It was the fifth straight month below 50, the level which separates contraction from expansion.
MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.8 percent, on course for a weekly loss of more than 2 percent.
8:50 a.m. China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output, a preliminary private survey showed on Friday, a worse-than-expected result that should reinforce bets the struggling Chinese economy will get more stimulus.
The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) dropped to 48.2, the lowest reading since April last year and a fifth straight month below 50, the level which separates contraction from expansion.
Economists polled by Reuters had forecast a reading of 49.7, slightly stronger than June's final reading of 49.4.
8:54 a.m. Sensex set to open lower amid weak global cues. SGX CNX NIFTY is down nearly 0.25 per cent at 8,583
8:52 a.m. Asian shares dropped sharply on Friday after a survey of Chinese manufacturing activity was weaker than expected, while U.S. jobs data underpinned the dollar as it bolstered bets that the U.S. Federal Reserve is on track to hike interest rates later this year.
The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) dropped to 48.2, below economists' estimate for a reading of 49.7 and the lowest reading since April last year. It was the fifth straight month below 50, the level which separates contraction from expansion.
MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.8 percent, on course for a weekly loss of more than 2 percent.
8:50 a.m. China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output, a preliminary private survey showed on Friday, a worse-than-expected result that should reinforce bets the struggling Chinese economy will get more stimulus.
The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) dropped to 48.2, the lowest reading since April last year and a fifth straight month below 50, the level which separates contraction from expansion.
Economists polled by Reuters had forecast a reading of 49.7, slightly stronger than June's final reading of 49.4.
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