Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note with Hong Kong’s Hang Seng (+5.2%) leading the way amid strength in tech names. China is reportedly setting up a “reopening committee” for its economy. Japan’s Manufacturing PMI expanded for the 21st consecutive month in the October reading while China’s Caixin Manufacturing PMI remained in contraction for the third consecutive month. Japan’s Ministry of Industry asked companies and households to conserve energy during the winter. The Reserve Bank of Australia raised its cash rate by 25 bps to 2.85%, as expected.
China’s October Caixin Manufacturing PMI 49.2 (expected 49.0; last 48.1)
Japan’s October Manufacturing PMI 50.7, as expected (last 50.7)
South Korea’s October Nikkei Manufacturing PMI 48.2 (last 47.3). October trade deficit $6.70 bln (expected deficit of $3.94 bln; last deficit of $3.78 bln). October Imports 9.9% yr/yr (expected 6.9%; last 18.6%) and Exports -5.7% yr/yr (expected -3.0%; last 2.7%)
India’s October Manufacturing PMI 55.3 (expected 54.9; last 55.1)
Hong Kong’s September Retail Sales 0.2% yr/yr (last -0.1%)
Australia’s October Manufacturing PMI 52.7 (expected 52.8; last 53.5)
New Zealand’s September Building Consents 3.8% m/m (last -1.6%)