Asia stocks mixed after Wall Street down, China manufacturing up


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Go CHINA!!!!!

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@Alan Bogglesworth Which way?

Go CHINA!!!!!

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A monthly purchasing managers' index released Thursday by the Chinese statistics agency and an industry group rose to 50.2 in June from 49.6 on a 100-point scale on which numbers above 50 indicate activity is increasing.

True, this was the first expansion in factory activity since February and the steepest pace in six months.

But the contrast is more news.

Flash data shows industrial production in Japan declined by -7.2% MoM in May, compared with consensus of a 0.3% fall and after a final 1.5% drop a month earlier; a second straight month of decrease in industrial output and the steepest pace since May 2020. Preliminary YoY figures showed -2.80% in Mayover the same month in the previous year.

The other big news from Japan was Japan's housing starts. Starts declined by -4.3% YoY in May 2022, much lower than forecasts for growth, and after a 2.2% gain the prior month. This was the first drop in dwelling starts since February 2021.

The Japanese yen hit 137 yesterday, for the first time since September 1998, before recouping some losses, back to 136.01.

Have a good day.

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@Alan Bogglesworth Which way?

Go CHINA!!!!

May the phoenix rise from the self inflicted ashes !, upward I guess ?

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Try to blame it all on Chinese anti-virus measures and the Ukraine crisis ?

Nonsense !

Meanwhile everyone is using Russian resources and Chinese products but refuses to admit it.

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