China's HSBC flash PMI rose to 52 in July as the government's stimulus measures worked their magic, consolidating a recovery in the world's second biggest economy.
Hong Kong's Causeway Bay may lose its crown as a slowdown in mainland tourists hits store sales.
New Zealand's central bank raised rates but said it would pause as it looked at the impact of its tightening and watched inflation.
Japan's monthly streak of trade deficits hit a two-year mark in June, as exports continued to stay weak while imports remained high.
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John Zhu, Greater China Economist at HSBC, says China's July factory activity expanded for the second straight month thanks to the government's mini-stimulus measures.
Ron Napier, Head of Napier Investment Advisors, describes the issues present in the Chinese economy, in particular the construction sector which faces a "massive decline."
Ron Napier, Head of Napier Investment Advisors, says U.S. equities "look stretched at the moment" and expects selling pressure to heighten in the next few months.