General World News

China shares subdued as economic news disappoints

An investor looks at an electronic screen showing stock information at a brokerage house in Nanjing, Jiangsu province, January 26, 2016. REUTERS/China Daily

By Samuel Shen and Pete Sweeney

SHANGHAI (Reuters) – Chinese shares got off to a halting start on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite from the economic drift that has dogged markets for months.

The official version of the PMI survey for manufacturing slipped to 49.4 in January, from 49.7 the month before and short of forecasts of 49.6.

While the miss was minor, the PMI for services also disappointed by easing to 53.5 and challenged hopes consumption would take over from industry as the driving force read more >>>

Source : BusinessInsider.Com