BEIJING - Global stock markets were mixed Thursday after weaker Chinese manufacturing data suggested the world's second-largest economy might be slowing.
Oil rose and stayed above $98 per
barrel on hopes for stronger demand this year.
China's benchmark Shanghai Composite
Index shed 0.3 percent to 2,109.3 after two manufacturing surveys showed
activity slowed in December. Hong Kong's Hang Seng Index lost 0.1 percent to
"This is the first moderation in
six months, suggesting that the growth recovery since mid-July might have
started to lose some stream," Bank of America economists Xiaojia Zhi and
Ting Lu said in a report.
An industry group, the China
Federation of Logistics & Purchasing, said its purchasing managers index
declined to 51 from November's 51.4 on a 100-point scale on which numbers above
50 show an expansion. A separate survey by HSBC Corp. declined to 50.5 from
Tokyo was closed for the New Year's
holiday. Seoul lost 2.2 percent to 1,967.1, while Taiwan's Taiex was flat at
8,612.5. Benchmarks in Malaysia and Thailand also fell. India's Sensex added
0.5 percent to 21,239.0.
In Europe, France's CAC-40 added 0.2
percent to 4,304.2. Germany's DAX gained 0.7 percent to 9,620.2.
In currency markets, the dollar added
0.1 percent to 105.38 yen. The euro edged down to $1.372.
Benchmark oil added 28 cents to $98.70
per barrel in electronic trading on the New York Mercantile Exchange.