MUMBAI, India - Asian stock markets were mixed Thursday, with investors buoyed by solid manufacturing data out of China but wary of weak global demand for electronics after Panasonic Corp. forecast a massive loss. Two manufacturing surveys in China, released Thursday, showed improvement for the month of October, adding to signs that the world's second largest economy may be recovering from its worst slump since the 2008 global recession. The state-sanctioned China Federation of Logistics and Purchasing's monthly purchasing managers index improved to 50.2 from September's 49.8 on a 100-point scale, indicating expansion. Separately, HSBC Corp. said its own PMI improved to an eight-month high...
0 Responses to Asia stocks mixed after China PMI improves