Slowing economy
2014-01-06
Today, both stock markets in Shanghai and Tokyo pared losses with 1.8% and 2.4% respectively after China's PMI number confirming a slowing China economy.<div><br></div><div>From "Morning Briefing" of "Seeking Alpha":</div><div>Fall in Chinese services PMI indicates slowdown is broad-based. Chinese HSBC services PMI dropped to the lowest level since August 2011, falling to 50.9 in December from 52.5 in November. The decline mirrors a drop in the official print and in manufacturing PMI, suggesting that the slowdown in the economy is broad-based. The latest reading was one factor that helped drag down Asian markets today amid fears that China's deceleration will continue in Q1.</div>
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