Asian markets were mixed on Monday, with optimism over an expected US interest rate cut offset by worries over the Chinese economy.
Investor sentiment is being jolted by worries over China's economy. File picture: Kazuhiro Nogi / AFP.Asian markets were mixed on Monday, with optimism over an expected US interest rate cut offset by worries over the Chinese economy following the release of more disappointing data.
While a cut has been priced in, the data could determine how big it will be, with analysts saying another big miss to the downside could prompt officials to slash rates by 50 basis points, rather than the expected 25. "But inflation data remains permissive should the Fed need to respond more assertively on the labour market.
Investor sentiment was jolted by worries over China's economy after a report showed activity in the country's manufacturing sector contracted for a fourth consecutive month in August and more than expected.
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