Asia Market Mixed after Australia’s PMI Hitting 19-Month Low

On Wednesday morning (23 Aug), Asia Pacific major indices were mixed. Leading the pack by +0.8% on TAIWAN moving up to 16,570 level. Followed by Australia’s ASX 200 went up over +0.7%, reaching 7,170 level despite the releasing of Judo Bank PMI showing the 19-month low. Output and business activities were at 47.1 and 46.7, respectively, compared to July at the level of 48. The nearby NZX 50 from New Zealand also went up by +0.55% to 11,550 point.


On the other hand, Chinese indices leading the downside with Shenzhen Composite dropping by -1.2% to 10,250 point and Shanghai Composite fell by -0.7% to below 3,100 level, continuing the down trend for China. The negative session followed by Malaysia’s market that went down by -0.6% to 1,440 point and Korea’s KOSPI also went down by -0.5% to 2,500 level. Meanwhile, other indices have no significant changes.


Meanwhile, WTI crude oil price dropped below $80 level or -2% compared to $81 in Monday. On the other hand, US S&P ans NASDAQ remained unchanged at 4,400 and 15,000, respectively.