Gillem Tulloch, Founder of GMT Research, discusses Beijing's anti-graft drive and its impact on economic growth. He later explains his negative outlook on Chinese stocks.» Read More
*HSBC slips after UK fund manager dumps shares. HONG KONG, Sept 2- Hong Kong shares fell to three-week lows on Tuesday weighed down by profit-taking, while the Chinese onshore markets eked out slim gains thanks to outperforming port and liquor stocks.
BEIJING— An American business group warned Tuesday that foreign companies in China feel increasingly targeted for unfair enforcement of anti-monopoly and other laws and said investment might decline if conditions fail to improve.
*Escalating crisis in Ukraine, patchy Chinese recovery weigh. BANGALORE/ SYDNEY, Sept 1- Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.
LONDON, Sept 1- Copper prices slipped on Monday, pressured by weak factory data from China that raised concerns about the outlook for demand from the world's top metals consumer. Volumes were expected to remain subdued as markets in the United States were shut for the Labor Day holiday.
LONDON— Ahead of a raft of economic developments this week, financial markets started the week on a lackluster note Monday as Wall Street was closed for the Labor Day holiday. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares closed up 0.1 percent at 6,825.31 while Germany's DAX rose the same rate to 9,479.03.
HONG KONG, Sept 1- China shares rose on Monday as gains in defence and media firms helped to offset a lower-than-expected official Purchasing Managers' Index that added to signs of softness in the economy. Defence stocks were the key outperformers again after Friday, bolstered by President Xi Jinping's comment that China will spur military innovation.
BEIJING— Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure.
*Macau gaming sector weak ahead of August data. HONG KONG, Sept 1- Chinese shares rose on Monday, with defence and media names leading the gains, shrugging off a lower-than-expected official Purchasing Managers' Index that added to signs of softness in the economy. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.3 percent.
Louis Kuijs, Chief Economist, Greater China at RBS, says August's manufacturing data reflect a renewed slowdown in China amid persisting domestic risks and slowing global trade.
BEIJING— China's manufacturing growth decelerated in August due to weaker global demand and a slowdown in domestic investment, two surveys showed Monday. An official industry group, the China Federation of Logistics and Purchasing said its separate PMI declined to 51.1 from 51.7.
SYDNEY, Sept 1- London copper edged down on Monday, after ending August with its biggest monthly drop since March, as weak factory data from China stoked concerns of stuttering growth in the world's top metals consumer.
KEEPING SCORE: China's Shanghai Composite Index rose 0.5 percent to 2,229.97 and Tokyo's Nikkei 225 added 0.2 percent to 15,460.50. CHINA FACTORIES: Two surveys showed China's manufacturing growth slowed in August as export demand and investment weakened, raising expectations Beijing might launch more stimulus.
Alex Wong, Director of Asset Management at Ample Capital, says a smaller-than-expected turnout at Sunday's protest helped Hong Kong shares to shrug off political unrest.
Tony Nash, Vice President at Delta Economics, explains his bearish outlook on China's factory activity for the second half of 2014.
CNBC's Emily Tan reports from the Asia World Expo where Li Fei, a member of the top committee of China's parliament, commented on Beijing's parliamentary ruling.
LONDON, Aug 29- For the world's hard-pressed aluminium producers the current outlook is the rosiest in many years. That's largely thanks to the combination of a robust London Metal Exchange price, currently trading around $2,100 per tonne, its highest level since early 2013, and historically elevated physical premiums.
Nizam Idris, Head of Strategy, Fixed Income & Currencies at Macquarie, says the slowing of activity in Chinese factories for August boils down to seasonal factors.
TOKYO, Sept 1- Asian shares edged higher on Monday, with investors wary of a deepening crisis in Ukraine and a downbeat China manufacturing survey, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting.
BEIJING— Two surveys show China's manufacturing growth decelerated in August due to weaker global demand and a slowdown in domestic investment. HSBC Corp. said Monday its purchasing managers index fell to 50.2 from July's 18- month high of 51.7 on a 100- point scale on which numbers above 50 show an expansion.
Edward Chin, Organizer of Financial Professionals for Occupy Central, says the campaign is intended as a last resort if Beijing fails to return the rule of fair play to Hong Kong's elections.