Australia's once-booming resources sector is fizzling, but HSBC says a new engine may propel the economy: housing and infrastructure.» Read More
HONG KONG, Oct 1- Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions, two business services firms said.
*China holds steady, but Japan, India and South Korea slow. SYDNEY, Oct 1- Factory activity stumbled across much of Asia in September, with slowdowns in India, Japan and Taiwan and an outright decline in South Korea delivering a setback to hopes for a pick in world growth this year.
BEIJING, Oct 1- Growth in China's manufacturing sector held up in September but remained subdued in a sign that the world's second-largest economy is still struggling to recover its growth momentum.
While Hong Kong protesters brave tear gas to battle for democratic ideals, stock traders are lining up bets on how to make money on the turmoil.
*Gold close to key $1,200- an-ounce level. SINGAPORE, Oct 1- Gold extended losses on Wednesday to trade near a nine-month low and looked likely to break below the key $1,200- an-ounce level, clobbered by a stronger dollar and lack of support from top buyer China. "Gold continues to dance above $1,200 but may fall below that level, should the dollar rally continue."
SEOUL, Oct 1- South Korean inflation hit a 7- month low last month and manufacturers reported a decline in export orders, data showed on Wednesday, reinforcing expectations that the Bank of Korea could ease monetary policy when it meets on Oct. 15.
SINGAPORE, Oct 1- SEOUL, Oct 1- South Korea's manufacturing activity shrank in September as domestic and export demand cooled, a survey found on Wednesday, fueling fresh doubts about the strength of its economic recovery.
But overseas sales fell short of the market's expectations for a median 8.2 percent gain in a Reuters survey, while an HSBC/ Markit Economics survey of purchasing managers showed export orders shrank for a sixth consecutive month in September.
Hedge funds and other big money managers in Hong Kong aren't panicking about the democracy protests sweeping the city.
European shares closed higher on Tuesday, after investors focused on key data from the euro zone rather than the Hong Kong protests. protests.
LONDON, Sept 30- Copper was on track for its biggest monthly loss since March on Tuesday, weighed down by a strong dollar, renewed signs of rising global supply and concerns about slack demand from China.
Sept 30- Following are the results of a monthly Reuters poll of 15 economists on Russia's economic and foreign exchange outlook. For a story on poll click on.
LONDON, Sept 30- European shares rose on Tuesday, as another batch of weak euro zone inflation data raised the prospect of new stimulus measures from the European Central Bank to boost the region's flagging economy.
LONDON, Sept 30- Copper slipped on Tuesday, on track for its steepest monthly loss since March, weighed down by a strong dollar and renewed signs of rising global supply and slack demand from China, where a factory survey was revised down slightly.
*Share markets mixed amid uncertainty over Hong Kong, quarter end. *HSBC manufacturing survey disappoints, but exports improve. LONDON, Sept 30- World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.
HONG KONG, Sept 30- Hong Kong's benchmark index fell to a three-month low on Tuesday, finishing on its biggest monthly fall since May 2012 as investors dumped shares amid the city's worst civil unrest in decades.
Asian equities were mixed on Tuesday amid caution over developments in Hong Kong and as investors focused on data in China and Japan.
TOKYO, Sept 30- Japan's factory output, consumer spending and real wages all fell in August, offering fresh signs of an economy reeling under the hammer-blow of a sales tax hike and keeping pressure on policymakers to deliver more stimulus to revive growth.
"There are two prices that matter for Australia right now, those for homes and those for commodities, said Paul Bloxham, chief economist for Australia at HSBC. The alarm is shared by Australia as over 35 percent of its exports go to China, giving it an annual trade surplus worth around A $50 billion with the Asian giant.
HONG KONG, Sept 30- Hong Kong shares sank to a three-month low on Tuesday, ahead of holidays, as investors steered from risk as they wondered when the city's worst unrest in decades would end and what China's response would be.